After successful placing of 300 million new H shares on Feb 5th, CNBM (HK.3323) received 10.8 billion yuan credit limit by China Construction Bank Corporation (China Construction Bank). China Construction Bank Beijing Branch has granted its first M&A loans to CNBM, which provides strong financial support for CNBM M&A.

Feb 13th, CNBM and China Construction Bank have signed strategic corporation agreement. CNBM and China Construction Bank Beijing Branch have signed framework agreement for M&A loans.

According to the agreement, China Construction Bank is expected to provide total 10.8 billion Yuan credit limit and relevant financial services to CNBM in five years, which will be used in consolidation and restructure, investment, and production management of CNBM. China Construction Bank Beijing Branch has granted 2 billion yuan M&A loans to CNBM.

The agreement of M&A loans signifies China`s first M&A loan in building material industry has started.