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BIZCHINA / Finance |
China Construction Bank to lend 20b yuan to China VankeBy ()
Updated: 2007-06-20 10:46 China Vanke Co Ltd, the country's top property developer by market value, said it has signed a strategic cooperation agreement with China Construction Bank wherein the latter agreed to extend a 20 billion yuan (US$2.6 billion) credit line to the property firm for the next few years. (US$1 = 7.62 yuan) (For more biz stories, please visit Industry Updates)
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