Fenglin group: it plans to apply to IFC for a long-term loan with a total amount of no more than US $36 million
Fenglin group announced that the company plans to apply to the International Finance Corporation ("IFC") of the World Bank Group for a long-term loan with a total amount of no more than 36 million US dollars equivalent to RMB, which is used to promote the capital expenditure of the company's wood-based panel business development and supplement the company's working capital requirements. Recently, the company and IFC signed a letter of intent ("mandate letter").
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