Wison secures financing from China Minsheng Bank

Wison Offshore & Marine, a unit of Wison, said that it has been granted over RMB 4 billion line of credit by China Minsheng Bank to support the financing of its new orders.

According to the agreement, China Minsheng Bank will extend Wison Group a credit line of RMB 1 billion, the company revealed in a statement.

Wison Offshore & Marine intends to dedicate the resources towards the development of  floating LNG liquefaction and storage facilities.

Currently, “the world’s first” operational FLNG facility is being delivered at Wison‘s yard in Nantong under an engineering, procurement, construction, installation and commissioning contract with Exmar.

Wison has also recently performed the keel-laying for Exmar FSRU project, a barged-based floating LNG regasification unit.

1 RMB = 0.157776 USD

Image: Exmar