On 19 July 2017, Fanfu Li, President in Greater America of Boda International Holding Group Co., Ltd. (hereinafter referred to as “Boda Group”) and Alfredo Hinojosa Morales, Director of Corporate Banking of Canadian Scotiabank, signed the Term Sheet of Credit Loan at the headquarter of Soctiabank Mexico in Mexico City for the Project of China Grand Hotel (alias the Tower of Mexico City).

Mr. Fanfu Li and Mr. Alfredo Hinojosa Morales were signing the contract.

Canadian Scotiabank is one of the most important international banks in Canada, one of the largest financial institutions in North America, and a member of the London Gold and Silver Market Association and one of the five banks that are involved in London gold pricing. Scotiabank's core business includes domestic banking，international banking and wealth management. Scotiabank helps to contribute its financial resources and human resources in Canada and around the world to meet the demand of social development today. 

Boda Group’s Project of China Grand Hotel has got the credit loan of USD 130 million (for 13 years) provided by the British HSBC for Boda Group and the credit loan of USD 200 million provided by the American Avison Young for Boda Group. Today, the Canadian Scotiabank signed with Boda Group a Term Sheet of the USD 300 million Credit Loan (for 15 years), based on which the residences, offices and parkings can be credited up to 60%, and based on which the project being mortgaged can start presale.

The contract signing with Canadian Scotiabank represents the important position of Boda Group’s Latin-American business in international arena with extraordinary significance. This means that Boda Group will achieve great success in its Latin-American business.

Office of Boda Group