Solarfun (SOLF) Granted RMB400 Million In Credit From Bank of Shanghai

Solarfun just announced that it has been granted credit in the amount of RMB400 from the Bank of Shanghai. The credit was granted to Solarfun’s subsidiary Jiangsu Linyang Solarfun Co., Ltd, and RMB 300 million of it is a 3-year loan.

In a press release, Solarfun President Peter Xie commented on the news”

“The additional credit facility provided by Bank of Shanghai gives us greater flexibility as we continue to
execute on our growth strategy and will also allow us to utilize our resources to support our customers’ in terms of project financing. We are pleased to partner with Bank of Shanghai, especially during a time when many companies
are facing difficulties in securing access to credit, and greatly appreciate Bank of Shanghai’s confidence in the future of Solarfun.”

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