Dec. 27 (Bloomberg) -- Hanwha SolarOne Co., a Chinese maker of solar modules, got a 3 billion yuan ($481 million) credit line from Bank of Beijing Co. for the next 12 months.
Drawdown of specific amounts are subject to the bank’s approvals, the company said today in a statement on its website. The loan will help “manage and grow our business to exploit downstream project opportunities in China and abroad,” Chief Financial Officer Jay Seo said in the statement.
The Shanghai-based company is a unit of South Korea’s Hanwha Group.
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