Original disclosure @ IFC website
Updated in EWS Jan 13, 2021
Disclosed by Bank Aug 13, 2020
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According to the bank document, " Laobaixing Pharmacy Chain Joint Stock Company (“LBX” or “the Company”) operates in Hunan, Shaanxi, Guangxi, Anhui and Inner Mongolia. The Company has been listed on the Shanghai Stock Exchange since 2015. The Company plans to add over 2,500 stores as well as 5 new logistics centers within the next 3 years (The Project). The proposed IFC investment is a senior loan of RMB 1,000 million (approximately $142 million equivalent) to support the expansion of stores and the new logistics centers. The proposed financing will support LBX’s expansion of stores and logistics network in the frontier regions of China. Targeted provinces of expansion include Hunan, Jiangxi, Shaanxi, Inner Mongolia, Hebei, Hubei, Anhui, Henan, Gansu, Guangxi and Ningxia".
"Total Project cost is estimated at US$ 300 million. The proposed IFC investment is an A loan of up to RMB 1 billion (approximately US$142 million equivalent)".
1/ The Project Contact
Laobaixing Pharmacy Chain Joint Stock Company
+86 731 8403 5189
No. 808, Qingzhuhu Road, Kaifu District, Changsha City, Hunan Province
2/ IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
3/ Local Access for Project Documentation
"Environmental documents will be made accessible to locally affected communities".
*There is no information being disclosed at this stage of the project*
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