Loans News
- Shanghai News
Date: 1-Jun-2007 Sources: (Shenzhen Daily)
SHANGHAI Tianma Microelectronics Co. has received a 2.17 billion yuan (US$282.92 million) syndicated loan to fund its thin-film-transistor liquid-crystal display (TFT-LCD) production line, the China Securities Journal reported Thursday.
The production line, the first in China to use 4.5-generation technology to make TFT-LCDs, will start pilot production in October and will target the small and medium-sized display market, the report said. Policy lender China Development Bank led the syndicate, it said. Shanghai Tianma was set up in April 2006 with registered capital of 1.03 billion yuan and its shareholders include Shenzhen Tianma Microelectronics Co. and Catic Shenzhen Holdings Ltd.
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