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EQS-News / 26/09/2017 / 20:33 UTC+8
*Fullshare Holdings Limited
(Stock code: 607)*
*Indirect Subsidiary Nanjing Drive Entered into a 5-year Agreement with
Bank of Communications*
*Gained a credit lines of RMB5 Billion*
(26 September 2017 - Hong Kong) *Fullshare Holdings Limited* ("Fullshare
Holdings" or the "Company"; SEHK stock code: 607, together with its
subsidiaries, the "Group") is pleased to announce that on 23 September 2017,
Nanjing High Accurate Drive Equipment Manufacturing Group Co., Ltd.
(????????????????) ("Nanjing Drive"), a wholly-owned subsidiary of China
High Speed Transmission Equipment Group Co., Ltd. (??????????????) ("China
High Speed Transmission"; SEHK stock code: 658.HK, a subsidiary of the
Group) entered into a five-year comprehensive strategic cooperation
agreement (the "Agreement") with the Jiangsu provincial branch of Bank of
Communications Co., Ltd. ("Bank of Communications"). Bank of Communications
agreed to cater for, among other things, daily working capital, project
construction and investment business requirements of Nanjing Drive on a
priority basis and to provide general intentional credit lines in an
aggregate amount of RMB5 billion during the cooperation period. Once again,
this is a strong recognition from the financial institutions after China
High Speed Transmission received the credit lines from Bank of Nanjing Co.,
Ltd. in May 2017.
Pursuant to the Agreement, Nanjing Drive considers Bank of Communications as
an important long-term partner. In light of its actual needs, Nanjing Drive
will, under the same condition and on a priority basis, choose Bank of
Communications as one of its principal banks for financial services. Bank of
Communications considers Nanjing Drive as one of its most important clients.
According to national macroeconomic policies, industrial polices, credit
policies and the corporate development plan of Nanjing Drive and to the
extent permitted by national policies, laws and regulations, Bank of
Communications will fully leverage on its service resources and full-license
advantage to provide comprehensive, convenient and favorable financial
services to Nanjing Drive on a priority basis so as to fully support the
development of Nanjing Drive. The business cooperation under the Agreement
covers financing services, financial advisory services, settlement services,
wealth management services and private financial services.
As the Group's core subsidiary in the sector of new energy, China High Speed
Transmission is the leading supplier of high-end wind gear transmission
equipment in China with a production scale, manufacturing technology and R &
D capability reaching the most advanced standard of the industry. China High
Speed Transmission's wholly owned subsidiary Nanjing Drive is widely
recognized by both local financial institutions in Nanjing and large
state-owned joint stock banks for its technology, leading position and
market share. Looking ahead, China High Speed Transmission will explore
potential in high-end intelligence manufacturing and Industry 4.0, and
actively look into business opportunities in industrial equipment, rail
transportation and related industries, with an aim to apply its
manufacturing and research expertise to other segments.
- End -
*About Fullshare Holdings Limited*
Fullshare Holdings Limited (SEHK: 607) is a leading conglomerate in China.
The Group's businesses encompass tourism, healthcare, property, and
renewable energy.
This press release is issued by DLK Advisory Limited on behalf of *Fullshare
Holdings Limited*.
For enquiries, please contact:
*DLK Advisory *
Tel: +852 2857 7101
Fax: +852 2857 7103
Document: http://n.eqs.com/c/fncls.ssp?u=GLQQSCKUUX [1]
Document title: 607_Press Release_Eng_20170926_FINAL
26/09/2017 Dissemination of a Financial Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
September 26, 2017 08:33 ET (12:33 GMT)
