Yingli Gets $324 Million From China Development Bank
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Yingli Green Energy Holding Co., a Chinese solar-module maker, has a “framework agreement” for $324 million of China Development Bank funding for a so-called trade platform in Hong Kong used to import raw materials.
The state-run lender will provide 150 million yuan ($24 million) and $300 million, Yingli said in an e-mailed statement yesterday.