Shanghai Bank to issue first mining loan

Xinhua Shanghai, June 16 (reporter Wang Tao) BOC Shanghai Branch (hereinafter referred to as "Shanghai Bank") to Shanghai million Industry Enterprise Co., Ltd. (hereinafter referred to as "million industry Enterprises") issued 38.335 million yuan mergers and acquisitions loans, for the Inner Mongolia Otog Qi Hao Source Coal Coking Co., Ltd. (hereinafter referred to as "Hao Source Company") equity acquisition.　　This is the first acquisition loan for a listed company in the mining sector in Shanghai. It is understood that million industry enterprises in cash to the Hao source company Equity acquisition, after the acquisition of Hao Source company's holding will reach 96%. Mergers and acquisitions will expand the diversified development direction of enterprises, promote enterprises in the field of energy development, at the same time for enterprises to add new profit growth.