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Stock Market & Financial Investment News

News Breaks
December 28, 2012
11:33 EDTYONGFull Alliance discloses Term Loan Facility Agreement for Yongye
Full Alliance International Limited, owner of 13.9% of Yongye's outstanding shares, disclosed that Yongye entered into a Term Loan Facility Agreement with China Development Bank pursuant to which CDB will provide a $99M loan facility to Yongye in connection with the proposed transaction. On December 28, Yongye received a letter from China Development Bank, indicating that it will provide debt financing in the form of a loan facility in an aggregate amount of up to $232M to, among other things, fund a portion of the consideration payable in connection with the proposed acquisition of the publicly held shares.
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