Monday, February 16, 2009

China National Building Material Cement firm receives credit line

CHINA National Building Material Co, the country's second-biggest cement maker, has received a 10.8-billion-yuan (US$1.6 billion) credit line from China Construction Bank Corp.

The facility will run until 2013, the cement maker said in a Hong Kong stock exchange statement.

CNBM said earlier this month that it was considering selling and leasing back equipment to help reduce debt following at least 17 acquisitions last year.

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