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Franshion Properties Obtained a Credit Line of RMB 20bn from the Beijing Branch of the Bank of China

Date:2009-04-20 Source:Sinochem Group

Franshion Properties (China) Limited (HK: 00817) signed with the Beijing Branch of the Bank of China (BOC) a Comprehensive Strategic Partnership Agreement, which allows the bank to provide all -around financial services for Franshion Properties, in particular, granting a credit line of RMB 20bn to the Sinochem Corporation’s publicly traded real estate company.