Land Bank co-ordinates and sponsors Guangguo Company's joint loan case to complete signing

The Land Bank co-ordinated the signing of the Guangguo Co., Ltd. joint loan project.

(Taiwan Business Daily News) the Land Bank co-sponsored the joint loan project with a total amount of NT $1.1 billion from Guangguo Co., Ltd., which was successfully raised and held a signing ceremony on May 22, 2014. on behalf of the bank group, Wang Yaoxing, chairman of the Land Bank, signed a joint credit contract with Li Guangguo, chairman of Guangguo Co., Ltd.

The Land Bank said that the funds of the joint loan case were used to repay the loans of financial institutions and enrich the operating and purchasing turnover funds, raising a total amount of NT $1.1 billion in five years, with the Land Bank acting as the co-loan co-ordinated host bank. The first Bank, Agricultural Treasury, Changhua Bank, Yuanda Bank, South China Bank and Cooperative Treasury participated together, and after the loan bank oversubscribed to NT $1.28 billion. In the end, the case was closed with NT $1.1 billion, which shows the recognition and affirmation of the future operating potential of Guangguo Co., Ltd.

The Land Bank pointed out that Mr. Li Guangguo, chairman of Guangguo Co., Ltd. has been ploughing the field of sports equipment for many years, and the company's main products are winter skis, summer water skis and related accessories. at present, large surfboards, traditional surfboards and kite boards have been newly developed, which is the first manufacturer in the world to introduce mechanized and modular production of snowboards and surfboards. The skis manufactured by the company have even jumped onto the international stage in the men's snowboard slope obstacle skills of the Sochi Winter Olympic Games this year (103). The quality has been affirmed by the world, and the prospect for the future should be expected.