Loan Agreement between Changzhou City Wujin Best Electronic Cables Co., Ltd. and Pudong Development Bank Changzhou Branch

Contract Categories: Business Finance › Loan Agreements
Summary

Changzhou City Wujin Best Electronic Cables Co., Ltd. entered into a loan agreement with Pudong Development Bank Changzhou Branch. Under this agreement, the bank provided a loan of RMB 10,000,000 to the company. The loan term runs from September 20, 2011, to March 19, 2012, with an annual interest rate of 7.93%, which is 130% of the benchmark rate set by the People's Bank of China. The agreement outlines the repayment obligations and interest terms for the borrower.

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EX-10.32 8 exhibit10-32.htm EXHIBIT 10.32 China Green Energy Industries, Inc.: Exhibit 10.32 - Filed by newsfilecorp.com

Exhibit 10.32

Loan Agreement between Changzhou City Wujin Best Electronic Cables Co., Ltd., and Pudong Development Bank Changzhou Branch, pursuant to which Pudong Development Bank Changzhou Branch provided a loan with a total amount of RMB10,000,000. The loan term is from September 20, 2011 to March 19, 2012. The annual interest rate is 7.93%, which is 130% of the benchmark interest rate published by the People's Bank of China.