德国美因茨大学放假时间 www.coccf.com 关于向山西华中及下属子公司提供借款的议案
Proposal Concerning Providing Borrowings to Shanxi Huazhong and Its Affiliated Subsidiaries
The technological transformation project of two coalmine affiliated to Shanxi Huazhong Coal Chemical Co., Ltd. (hereinafter referred to as “Shanxi Huazhong”) is basically completed. Specifically, Detong Coalmine passed the acceptance inspection on September 16, 2014, and is predicted to obtain the safety production license in November; Fushan Coalmine has applied for the combined trial operation, and is predicted to complete the acceptance inspection in the first quarter of 2016. By the end of the first quarter of 2016, the final payment for the two coalmine projects totals RMB530 million, including RMB230 million for Detong Coalmine and RMB150 million for Fushan Coalmine. In addition, the expenses of the two coalmines before the first quarter of 2016 are about RMB236 million.
Shanxi Huazhong could solve part of the above fund demands by selling coals, but could not fully meet the demands. Therefore, it applies for borrowing RMB530 million from its parent company Huazhong Group Co., Ltd. (hereinafter referred to as “Huazhong”), with the equal borrowing rate to Huazhong’s loan rate from financial institutions.
All directors, please elaborate on whether or not Huazhong provide RMB530 million of borrowing to Shanxi Huazhong and its affiliated subsidiaries.
Huazhong Group Co., Ltd.
October 28, 2014