Bank of China provides RMB 130,690,000 loan for Battambang Conch Cement Plant Project (Linked to Record ID#62459)

Bank of China provides RMB 130,690,000 loan for Battambang Conch Cement Plant Project On June 23, 2017, Bank of China (BOC), Jinbian Branch issued an RMB 130,690,000 ($20 million) to Battambang Conch Cement Co., Ltd — a joint venture between Chinese firm Conch International Holdings (HK) (which is owned by Anhui Conch Cement Company Limited) and Cambodian cement company Battambang KT Cement Co., Ltd — for the Battambang Conch Cement Plant Project.

This loan, which is captured in this project, had a 1-year maturity.

Then, on August 28, 2017, China Development Bank also issued an RMB 457,390,000 loan with a 10-year maturity for the same project (captured in Record ID#62459).

Anhui Conch Cement Company Limited issued a full guarantee for these loans, while Battambang KT Cement Co., Ltd. provided an equity pledge. The construction of the cement plant in Ratanak Mondol district and Battambang Province was completed on June 1, 2018. It has the capacity to produce 5,000 tons of cement per day.