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Philadelphia Fed President Henry Paulson delivers a speech
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Jiayou International Logistics completed a number of facilities and structures for the Sakanya Border Post in Zambia,
The Chinese logistics services provider, through an indirectly owned unit, Jaswinsports, completed the 17.26-kilometer road and toll station of the Sakanya Border Post to Ndola Road, with the road now open to traffic.
As for now, the foundation works for the joint inspection and business buildings are in progress, while the construction of the Sakanya to Mufulira Road's roadbed and culvert is underway.
About $76.1 million yuan was invested in the construction of the Zambian Project.
Jiayou International Logistics' is looking to secure 1.50 billion yuan in loans from various banks, according to a Shanghai Stock Exchange filing on Friday.
The credit, which will have a term of 12 months, will not be limited to loans, bank acceptance bills, guarantees, letters of credit and bill discounts, the logistics services provider said.
The company's shares slipped less than 2% in recent trade.
Jiayou International Logistics' is looking to secure 1.50 billion yuan in loans from various banks, according to a Shanghai Stock Exchange filing on Friday.
The credit, which will have a term of 12 months, will not be limited to loans, bank acceptance bills, guarantees, letters of credit and bill discounts, the logistics services provider said.
The company's shares slipped less than 2% in recent trade.
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