On March 6, 2007, a RMB 2.88 billion syndicated loan was signed among eight banks to finance manufacture of four VLCCs by China Shipping Development Co., Ltd. The syndicated loan was arranged by Bank of Communications and participated by ICBC, ABC, CCB, Bank of China, Huaxia Bank, Industrial Bank and ING N.V. As counsel to the syndicate, Llinks advised on deal structure, attended negotiations and prepared finance documents.
March 6, 2007
