Daodaoquan: Chongqing subsidiary plans to apply to the bank for a credit line of 160 million yuan
Daodaoquan announced that daodaoquan Chongqing grain and Oil Co., Ltd., a wholly-owned subsidiary of the company, applied to Fuling Branch of Chongqing Rural Commercial Bank Co., Ltd. for a credit line of 160 million yuan, the credit type is working capital loan, and the bank credit with a term of 12 months is about to expire. In order to strengthen the daily operating capital turnover capacity of the subsidiary and supplement the existing working capital, The company plans to continue to apply for the bank credit, and authorize the chairman to determine the specific loan amount and sign relevant legal documents according to the actual needs of the company's daily working capital.
This text is a result of machine translation.
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