China-based BOE Technology has announced that its subsidiary Beijing BOE Display Technology has signed a syndicated loan of CNY10.5 billion (US$1.59 billion) for its 8.5G TFT-LCD panel production plant, according to a company announcement posted on stock.sohu.com today.

The bank group includes Agricultural Bank of China, China Everbright Bank, Hua Xia Bank and Beijing Rural Commercial Bank, and together they will lend CNY51.74 billion and US$800 million to Beijing BOE Display Technology.

The duration of the loan is nine years.



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