ANNOUNCED AS TEMPORARYNo
Bailout (capital injection or equity participation)
On 20 November 2015, the Chinese coal mining company Heilongjian Longmay Holding Group announced it will receive 3.8 billion RMB (ca. 600 million USD) in bailout from the local government.
The state-owned company will receive the money on 1 December 2015, which will be used to repay a bond worth 5 billion RMB due on 5 December and a note worth 0.8 billion RMB due on 15 December 2015.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
⚑ Please report this page in case you detect an inaccuracy in its content.