October 22, 2017 3:48 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Wuhan Kingold Jewelry Co. Ltd.

Company Overview

Wuhan Kingold Jewelry Co. Ltd. designs and manufactures gold jewelry and household ornaments, and investment-oriented products. The company is based in Wuhan, China. Wuhan Kingold Jewelry Co. Ltd. operates as a subsidiary of Kingold Jewelry, Inc.

15 Huangpu Science and Technology Park

Jiang'an District

Wuhan,  430023

China

Phone:

86 27 6566 0703

Fax:

86 27 6566 0703

Key Executives for Wuhan Kingold Jewelry Co. Ltd.

General Manager
Age: 43
Advisor
Age: 49
Compensation as of Fiscal Year 2017.

Wuhan Kingold Jewelry Co. Ltd. Key Developments

Wuhan Kingold Jewelry Company Limited Signs Two Loan Agreements of Circulating Funds with the Qixia Branch of Evergrowing Bank for Loans of RMB 800 Million

In January 2016, Wuhan Kingold Jewelry Company Limited signed two Loan Agreements of Circulating Funds with the Qixia Branch of Evergrowing Bank (Evergrowing Bank), for loans of RMB 800 million in aggregate. The stated purpose for the loans is for purchasing gold and the loans bear fixed interest of 7.5% per year. The loans are secured by 5,000 kilograms of gold in aggregate and are jointly guaranteed by Mr. Zhihong Jia, the CEO of both Kingold and Wuhan Kingold. The repayment of the loans may be accelerated under certain conditions, including upon a default of principal or interest payment when due, breach of representations or warranties, certain cross-defaults, upon the occurrence of certain material events affecting the financial viability of Wuhan Kingold, and other customary conditions. The loan agreement of circulating funds entered on January 20, 2016 provides for a loan of RMB 400 million (approximately $61 million). The loan has a maturity date of January 19, 2018. The loan is secured by 2,500 kilograms of gold and is jointly guaranteed by Mr. Zhihong Jia. The loan agreement of circulating funds entered on January 28, 2016 provides for a loan of RMB 400 million. The loan has a maturity date of January 26, 2018. The loan is secured by 2,500 kilograms of gold and is jointly guaranteed by Mr. Zhihong Jia.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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