Lincang Xinyuan Germanium's Unit Proposes Application of 217 Million Yuan Loan

MT Newswires Live

Sep 17

Yunnan Lincang Xinyuan Germanium Industry's (SHE:002428) unit, Hubei Xinyao Semiconductor, proposed to apply for a fixed asset loan of 217 million yuan for the construction of a high-quality gallium arsenide wafer plant, according to a Shenzhen bourse filing on Thursday.

The loan, which will have a term of 10 years, will be applied at the China CITIC Bank's (HKG:0998, SHA:601998) Huanggang branch. The loan's interest rate will be between 2.95% and 3.3%.

The board of directors approved the plan.

The Chinese germanium miner's shares slipped 1% during the morning trade.

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The loan's interest rate will be between 2.95% and 3.3%.</p><p>The board of directors approved the plan.</p><p>The Chinese germanium miner's shares slipped 1% during the morning trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0233","symbol_name":"有色加工","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2668955192","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2668955192","pubTimestamp":1789620177,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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