BEIJING, Feb 21 (Reuters) - China's Citic Financial institution and AIBank will lend 2.1 billion yu
BEIJING, Feb 21 (Reuters) – China’s Citic Financial institution and AIBank will lend 2.1 billion yuan ($298.77 million) to hotpot chain Haidilao Worldwide 6862.HK to assist it handle the plunge in demand through the coronavirus outbreak, in keeping with an announcement on AIBank’s official WeChat account on Friday.
AIBank is a digital financial institution collectively owned by Citic Financial institution Corp Ltd 601998.SS and search engine firm Baidu BIDU.O.
The banks have already issued 810 million yuan to the restaurant chain, stated the assertion.
($1 = 7.0289 Chinese language yuan renminbi)
(Reporting by Sophie Yu, Leng Cheng and Dominique Patton; Modifying by Christian Schmollinger)
(([email protected]; +86 10 5669 2121; Reuters Messaging: [email protected]))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq,…