Stxdalian has been granted a Rmb2.85Bn ($417M) loan from Chinese banks, including China Construction Bank, to develop diesel engines. Besides financing MAN Diesel engine development, the loan is meant to help STX"consolidate"its operations, a source told Fairplay. The loan isfornineyears, with an interest of 6.136%. Afterthis second development phase, thefacility will offer the full panoply of operations, from shipengines to construction.
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