/KASE, March 4, 2025/ – NMH "Baiterek" JSC (KASE ticker – BTRK) reported
the following:
quote
On March 3, NMH "Baiterek" JSC secured for the first time a bank loan in yuan
from the Industrial and Commercial Bank of China (ICBC) as part of active
cooperation with the People's Republic of China.
This strategic step will allow the Holding to strengthen its position in the
international market, diversify currency risks and enhance investment
opportunities for the development of new projects. Attracting a loan in the
national currency of China opens up additional prospects for cooperation with
Chinese partners and suppliers, and also contributes to the expansion of export
and import operations.
"Raising a loan in yuan is an important step for the Holding in diversifying
financial instruments and strengthening economic cooperation with China. We
are confident that cooperation with ICBC will open up new opportunities for
financing key sectors of the economy and increasing the export potential of
Kazakhstan," said Chairman of the Board of the Holding Rustam Karagoishin.
unquote
The complete press release in Kazakh and Russian is available on –
https://kase.kz/files/emitters/BTRK/btrk_relizs_030325_1.pdf
[2025-03-04]