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The Reorganization of CNBM and Sinoma Obtains the Consistent Support of Financial Institutions and Signs a New Line of Credit of 115 Billion Yuan with Three Big Banks

2016-12-14

    Not long ago, CNBM successively signs the strategic agreements with China Citic Bank and Shanghai Pudong Development Bank, with the line of credit of 50 billion yuan and 35 billion yuan respectively provided by the two banks to the Group, and it launches the Fund of Developing Building Material Industry in China with a total value of 80 billion yuan with China Insurance Investment Co., Ltd. 

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From December 8 to 9, CNBM respectively signed strategic cooperative agreements with Minsheng Bank, Bank of Beijing and Bank of Jiangsu in Beijing and the three banks will provide CNBM with intentional line of credit with a total value of 115 billion yuan. Song Zhiping, chairman of the Board of Directors of CNBM respectively discussed the business of strategic cooperation with Hong Qi, chairman of Minsheng Bank, Yan Bingzhu, chairman of Bank of Beijing and Ji Ming, president of Bank of Jiangsu. Wu Jiwei, the chief accountant of the Group and Shi Jie, vice president of Minsheng Bank signed a strategic cooperative agreement including 30 billion yuan of intentional credit on behalf of each side; Li Xinhua, the deputy chairman of the Group and Zhang Dongning, president of Bank of Beijing signed a comprehensive strategic cooperative agreement including 45 billion yuan of intentional credit on behalf of each side and Xu Weibing, associate general manager of the Group and Zhang Rongsen, vice president of Bank of Jiangsu signed a comprehensive strategic cooperative agreement including 40 billion yuan of intentional credit on behalf of each side.

Minsheng Bank 

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In the discussion with Minsheng Bank, Song Zhiping and Hong Qi jointly reviewed the good cooperation and common development in nearly 20 years. Hong Qi was grateful for the trust of CNBM to Minsheng Bank and introduced the relevant situation about the gradual improvement of Minsheng Bank in cooperation with big-sized central enterprises in recent years. Minsheng Bank has full confidence in the development after the reorganization of CNBM and Sinoma and hopes to enhance cooperation and realize mutual benefit and win-win in the reorganization of CNBM and Sinoma and during its development process. Song Zhiping was grateful for the strong support of Minsheng Bank to the development of CNBM and Sinoma for many years, introduced the background of reorganization of CNBM and Sinoma and the development concept of doing better and bigger jobs in the next stage and hoped that both sides can explore multi-layered cooperation by seizing this opportunity.

        Bank of Beijing 

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In the discussion with Bank of Beijing, Song Zhiping and Yan Bingzhu jointly discussed the deep friendship accumulated during the process of mutual support and shared growth for a long time. Yan Bingzhu praised the rapid and healthy development of CNBM, expressed the gratitude for the trust of the Group to Bank of Beijing and meanwhile looked forward to providing more support and services during the process of reorganization of CNBM and Sinoma. Song Zhiping was grateful for the strong support of Bank of Beijing in terms of fund settlement, financial investment and credit, introduced the adjustment and transformation concept of centering on “Three Curves” after the reorganization and the development vision of “1+1=11” and expressed the willingness to promote the integration of industry and finance and realize win-win progress from the perspective of giving full play to synergistic effect.

Bank of Jiangsu 

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      In the discussion between the Group and Bank of Jiangsu, Ji Ming thanked CNBM, as the aircraft carrier-level enterprise in the building material industry, for the trust to Bank of Jiangsu, introduced the relevant situation of rapid development and the successful beginning of IPO Process of Bank of Jiangsu since 2007 and expressed the willingness to provide the Group with more relevant and personalized services and support. Song Zhiping particularly introduced the scale advantage of the Group and core advantages of grasping the key and leading technologies in the industry, looked ahead the development prospect of the industry and expected further cooperation with Bank of Jiangsu in the future.

Ma Jianguo, senior special services of CNBM and chairman of China New Building, Zhou Guoping, chief economist, Guang Zhaoyu, secretary of the Board of Directors and assistant of the general manager, Lu Xinhua, general counsel, Qu Xin, general manager of financial department, Peng Jianxin, president of Sinoma, Chang Zhangli, vice president of CNBM and secretary of the Board of Directors, Chen Xuean, vice president and financial controller, Wang Bing, vice president and chairman of BNBM, Yu Kaijun, vice president and financial controller of Sinoma, Zhao Yanmin, standing associate general manager and chief accountant of CNBM Import & Export, relevant leaders and heads of branches and departments of Minsheng Bank, Bank of Beijing and Bank of Jiangsu respectively attended the relevant symposiums and signing ceremonies. 




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