Strategic cooperation between SD-GOLD and ABC &debt equity swap agreement signing ceremony held in Beijing
Strategic cooperation between SD-GOLD & ABC and debt equity swap agreement signing ceremony was held in Beijing Branch of Agricultural Bank of China on the morning of June 26, 2017. Mr. Wang Shujian, Vice Governor of Shandong Province, Mr. Zhang Bin, Director of Shandong Provincial State-owned Assets and Administration Commission, Mr. Chen Yumin, Chairman and Secretary of Party Committee of SD-GOLD, Mr. Zhou Mubing, Chairman of ABC, and Mr. Yi Hu, President of ABC Shandong Branch attended the ceremony.
Mr. Li Guohong, General Manager of SD-GOLD and Chairman of Shandong Gold Mining Co., Ltd. (600547) and Mr. Zhang Keqiu, member of the Party Committee of ABC signed on the agreement on behalf of two parties respectively. Mr. Wang Shaoliang, Chairman of the Board of Supervisors of SD-GOLD, Mr. Wang Lijun, Li Xiaoping, members of Standing Committee of Party Committee, Mr. Hou Chengqiao, Pei Dianfei, vice General Managers, Mr. Li Zhongyi, Investigator, Mr. Wu Naidong, Chief Financial Officer, Mr. Wang Peiyue, General Manager Assistant and Mr. Peng Zuyou, General Manager of Business Department of ABC and Mr. Dong Yuhua, General Manager of Individual Finance Department witnessed the signing.
On the forum, Mr. Zhou Mubing extended a warm welcome to the Vice Governor Mr. Wang Shujian for his special attendance to the bank-enterprise strategic cooperation agreement signing ceremony.Zhou said that Shandong provincial government puts high attention on the financial work and is committed to establish good financial environment, and that he hopes to make efforts and share prosperity together with Shandong, thus promoting economic structure transition and social development.
Wang said that the signatory SD-GLOD and Inspur Group are enterprises with good development and the SD-GOLD is expected to become the China’s first gold-making enterprise with profound development trends.Wang also showed his wish that the ABC will continue to pay attention to and support the development of enterprises in Shandong to help solve the difficulties in transformation of drive, achieving joint development and interests sharing.
SD-GLOD deeply implements the instructions and requirements on marketing debt equity swap issued by State Council and Shandong Province for the purpose of further optimizing the capital structure and meeting capital requirements for long-term development of the group. During the strategic cooperation with ICBC last year, SD-GOLD has obtained debt equity swap business with total scale of RMB10 billion and financing line of credit of RMB20 billion. This year, SD-GOLD has obtained the same amount of debt equity swap business and financing line of credit again from the ABC after negotiation, which creates favorable conditions for the optimization, improvement, long-term and sustainable development of the future industrial capital in SD-GOLD.