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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
Shini Feng
Board Secretary
+86 731 8403 5189
ir@lbxdrugs.com
No. 808, Qingzhuhu Road, Kaifu District, Changsha City, Hunan Province
http://www.lbxdrugs.com/
2/ IFC Contact
General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
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*
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org