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          BIZCHINA> Top Biz News

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          BOC extends first M&A loan
          


          By Yang Zhen (chinadaily.com.cn)
          
 Updated: 2009-03-13 16:20
          



 

          

          Bank of China's Beijing branch offered a 680-million-yuan new loan to Huaneng Power International to help the nation's biggest generator with its mergers and acquisitions (M&A), the lender said in a statement on Friday.
          


          

          


          


          


          


          


          


          Related readings:
          
           BOC extends first M&A loan BOC targets 500b yuan in new loans this year 
          
           BOC extends first M&A loan BOC reports strong SME loan growth
          
 BOC extends first M&A loan Soho gets 10b yuan credit line
          
           BOC extends first M&A loan           BOC to lend Hubei $44b for construction
          
          		

          
          

          
          		

          
          

          
          		

          
          

          

This is the first time BOC has issued a loan to support a company's M&A activities. China's banking regulator lifted restrictions last November, allowing Chinese lenders to make loans for M&A purposes.
          


          In addition, BOC's branch in Zhejiang province issued a 260-million-yuan new loan to Zhejiang DY-link Group to support its acquisition of a local automaker, the bank said in a separate statement on Friday.
          


          

          (For more biz stories, please visit Industries)
          

          

          


 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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