Llinks recently advised as a bank syndicate's PRC Legal counsel on a US$86,000,000 and RMB479,000,000 multi-currency loan provided to Yangtze River Acetyls Co., Ltd. ("YARACO") in Chongqing. The signing of the finance document was completed on April 15, 2003. YARACO, a Sino-foreign joint venture between BP Chemicals Investment Limited, Sinopec Sichuan Vinylon Works and Chongqing Construction Investment Corporation, is known as one of the biggest acetic acid manufacturers in China. The bank syndicate is composed of 4 domestic banks and 2 foreign banks with Citicorp International Limited and CitiBank N.V., Shanghai Branch as arrangers.