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Yongsheng New Materials (03608-HK) announced the first entrustment of the company's indirect wholly-owned subsidiary, Yongsheng Dyeing and Finishing (as the entrusting party) and the lending bank (as the entrusted party and the lender) on January 9, 2017. loan agreement. The entrusted loan with the amount of RMB 50 million under the first entrusted loan agreement was repaid to Yongsheng by the loan bank on July 10, 2017.
On July 10, 2017 (after the trading session), Yongsheng Dyeing and Finishing entered into a second entrusted loan agreement with the lending bank. According to this, Yongsheng Dyeing and Consolidation will entrust a loan of RMB 50 million to the lending bank for lending to The borrower has a loan period of six months and an annual interest rate of 6.5%, which is paid quarterly.
The Borrower is Sanyuan Holdings Group Co., Ltd., a company established in the PRC, which is principally engaged in fabric printing and dyeing, apparel design and marketing, electronic materials trading and development and real estate investment in China.
Ningshing Trading Group developed an overseas manufacturing base of Rubber Boots in Dominican Republic in Central America at the end of year 2017.
The production technology and also top quality had actually surpassed the degree of domestic similar factories, which was extremely identified by European and also American brand customers.
China and also Dominican established formal diplomatic connections on May 1, 2018. As the first industrial project of Chinese enterprises after the establishment of polite relations in between China as well as Dominican, the opening ceremony of Ningshing DJM footwear had been very valued as well as excited prevalent focus.
The establishment of Ningshing Footwear Industry base in Dominican would certainly aid the firm to much better create the large American market and supply even more exact and premium services to clients in the area.
Ningshing would actively build a world-class rubber shoes manufacturing base in DR, and also was confident to achieve the goal of annual production ability of 2 million pairs of rain shoes.
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Ningbo Ningshing Trading Group Inc. , https://www.ningshingonline.com