Photo Release: KBank extends 9.38 billion in loans for the construction of Linglong Tire manufacturing plant in Thailand

Stocks and Financial Services Press Releases Thursday July 12, 2018 08:54
Bangkok--12 Jul--KASIKORNBANK

At the InterContinental Bangkok Hotel, Mr. Patchara Samalapa (right), KBank President, and Mr. Wang Feng, Chairman and CEO of Shandong Linglong Tire Co., Ltd., a leading Chinese tire manufacturer, recently signed a financial facility agreement of 285 million US Dollar, equivalent to approximately 9.38 billion Baht, which will be used by LLIT (Thailand) Co., Ltd., a subsidiary of Shandong Linglong Tire Co., Ltd., for the construction of the Linglong Tire manufacturing plant in Thailand. Tires produced by LLIT (Thailand) Co., Ltd. will be sold in Thailand and exported globally.


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