Li Peng to Use Syndicated Loans of NT$1.4 B. to Expand Operations.

(From Taiwan Economic News)

Taipei, July 4, 2006 (CENS)--With a syndicated loan of NT$1.4 billion (US$42.42 million at US$1 = NT$33) granted recently, Li Peng Enterprise Co., Taiwan's leading nylon chip maker, will speedily expand its second nylon chip plant. After the expansion is completed, the plant is expected to turn out 300 metric tons of nylon chips per day

Ta Chong Bank is the leading underwriter of the syndicated loan, and other banks joining the lending project include Taiwan Shin Kong Commercial Bank, China Development Industrial Bank, Hua Nan Commercial Bank. Shanghai Commercial and Savings Bank, the Bank of Overseas Chinese, and Hsinchu …