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China National Building Material Cement firm receives credit line
CHINA National Building Material Co, the country's second-biggest cement maker, has received a 10.8-billion-yuan (US$1.6 billion) credit line from China Construction Bank Corp.
The facility will run until 2013, the cement maker said in a Hong Kong stock exchange statement.
CNBM said earlier this month that it was considering selling and leasing back equipment to help reduce debt following at least 17 acquisitions last year.
The facility will run until 2013, the cement maker said in a Hong Kong stock exchange statement.
CNBM said earlier this month that it was considering selling and leasing back equipment to help reduce debt following at least 17 acquisitions last year.
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