Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.19.3
Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

 

On October 31, 2019, the Company received a loan of $44.40 million from The Export-Import Bank of China. The loan is due on October 21, 2025 with annual interest rate of 4.70%.

 

On November 1, 2019, the Company repaid a short-term bank loan of $4.24 million to Fujian Haixia Bank in accordance with the loan repayment schedule.

 

On November 1, 2019, the Company received a loan of $4.24 million from Fujian Haixia Bank. The loan is due on November 1, 2020 with annual interest rate of 6.09%.

 

On November 6, 2019, the Company received a loan of $4.95 million from Fujian Haixia Bank. The loan is due on November 6, 2020 with annual interest rate of 6.09%.