Gas project gets funds

PUBLISHED : Thursday, 19 June, 1997, 12:00am
UPDATED : Thursday, 19 June, 1997, 12:00am

The Shanghai Pudong Development Bank has extended 175 million yuan (about HK$162.47 million) in loans to support a liquefied gas project controlled by Shanghai Golden Conti Petrochemical Co, reports say.

The bank was also part of a consortium including the Shanghai branch of the Industrial Bank of Japan, Credit Lyonnais, Dai-Ichi Kangyo Bank and two other banks in a separate syndicated loan of US$15 million lent to the project, reports said.