Sunwoda Electronic Directors Approve 102 Million Yuan Loan for Power Projects
MT Newswires Live
Sep 24
Sunwoda Electronic (SHE:300207) directors approved a 102-million-yuan loan under a new type of policy-based financial instrument from China Development Bank for two power projects, according to a Thursday after-hours filing with the Shenzhen bourse.
The loan has a term of 10 years.
Proceeds will help fund a 100-megawatt/200-megawatt standalone energy storage power station under the Shifang Economic Development Zone for 12 million yuan and phase 1 of the Zaozhuang Sunwoda Base integrated source-grid load-storage-cloud demonstration project for 90 million yuan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.