China Everbright Bank signs strategic cooperativeagreement with GCL Group27. June 2012 | By: GCL Group
The Suzhou Branch of China Everbright Bank Co., Ltd signed a strategic cooperative agreement in Suzhou with Golden Concord Holdings Limited (GCL Group).
Zhang Huayu, Deputy Governor of the Head Office of China Everbright Bank, Mr. Li Liang, Governor of Suzhou Branch,Mr. Zhu Gongshan, Chairman of GCL Group,Mr.Tang Cheng, President, and other relevant leaders attended the signing ceremony.
Pursuant to the Agreement, Suzhou Branch of China Everbright Bank will provide GCL Group and its subsidiary, GCL-Poly Energy Holdings Limited (“GCL Poly”, “the Group”, stock code: 3800.HK), with a credit facility of RMB 5 billion, which will be used mainly to support the sustainable and high efficiency development of GCL-Poly.
Based on the principle of “long-term cooperation, alliance with strong players, mutual benefits and seeking joint development”, Suzhou Branch of China Everbright Bank and GCL Group will further deepen and enhance the strategic cooperation between both parties, support the implementation of mutual strategic focus and business development, and establish a long-term strategic cooperative relationship.
Mr. ZhuGongshan, Chairman of GCL Group, said: “GCL Group and China Everbright Bank have more than 10 years of friendlycooperation foundation. This RMB 5 billion credit facility from China Everbright Bank to GCL Group fully demonstratestheir strong support and full confidence in the green energy business development of GCL Group.
Based on this foundation, both parties will continue to expand their new business development and room for cooperation, further deepen and strengthen their long-term strategic partnership relationship, better promote the implementation of mutual strategic focus, and achieve mutual benefits and joint development.”