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China Int'l Marine obtains RMB 20-bln credit line from CCB

Published: 25 Aug 2009 18:11:44 PST

Aug. 26, 2009 (China Knowledge) - China International Marine Containers (Group) Co Ltd<000039><200039>, the world's biggest tank container manufacturer, announced that it has obtained an RMB 20-billion credit line from China Construction Bank Corp<601939><0939>, sources reported.

The container manufacturer said in a statement that it has inked an agreement with CCB, one of China's Big Four state-owned commercial banks, to deepen their strategic cooperation.

China International Marine Containers' net profit fell 19.49% year on year to RMB 826 million in the first half of this year, and its basic earnings per share were RMB 0.31, according to the company's interim report.

In the first six months, the company realized RMB 9.44 billion in operating revenue, down 68.7% from a year earlier. The firm's operating profit slid 4.01% year on year to RMB 1.15 billion.


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Source: China Knowledge
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