KA Wah International Merchant Finance has arranged a US$26 million syndicated loan facility for China Pharmaceutical Enterprise and Investment Corp, which was listed on the stock exchange in June. The loan will be used to finance the construction, development and financing costs of a new vitamin C manufacturing plant with an annual production capacity of 3,000 tonnes in Shijiazhuang Economic and Technology Development Zone in Hebei province. The arranger is a wholly owned subsidiary of Ka Wah Bank.
