Our Profile Corporate Announcements Increase in Credit Facility by DBS Bank
INCREASE IN CREDIT FACILITY GRANTED BY THE DEVELOPMENT BANK OF SINGAPORE ("DBS") BEIJING BRANCHThe Board of Directors of Sinotel Technologies Ltd. (“Group” or the “Company”) is pleased to announce that the Company has obtained an increase in credit facility granted by the Development Bank of The increase will avail the Company to an additional RMB30 million, bringing the total facility from DBS to RMB65 million. The enlarged facility will give the Group additional working capital resource to fund new and on-going projects. As this facility is revolving in nature, interest will only be charged on the amount utilized. By Order of the Board Jia Yue Ting
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