Beijing E-Town International Financing Guarantee Co, one of the main subsidiaries of E-Town Capital, has marked new progress in boosting development of companies based in Beijing Economic-Technological Development Area (BDA).

The company backed the development of Beijing Huahai Machinery Co, a company located in the BDA, with 30 million yuan ($4.77 million) of financing guarantee support.

Founded in 2005, Beijing Huahai Machinery Co is a leading manufacturer of industrial chains and a qualified supplier of the core components for heavy industries. The BDA-based company has set up its own research, development and production base in the BDA.

Beijing E-Town International Financing Guarantee Co, one of the main subsidiaries of E-Town Capital [Photo/etowncapital.com]