Guodong is the largest independent tower company in China with 19,875 towers and DAS sites across 30 provinces as of June 30, 2020. Other than China Tower Corporation Limited (“CTC”), Guodong is the only player with nationwide coverage. It was ranked as the 12th largest telecom tower company in the world in terms of number of sites by the end of 2018. 

Mr. LU Jie, the Founder, Chairman & CEO of Guodong, is the largest shareholder of the Company.  Mr. LU and his wife collectively own 76.6% of the Company. The rest of the shares are owned by the management members and other institutions and individuals with each shareholder owning less than 5%.                                              

 The total project cost is estimated at US$145 million, which will be financed by a combination of US$46 million from Guodong and US$99 million senior loans proposed by IFC. 

IFC proposes to provide a package of 5-year USD-denominated corporate loans to Guodong of up to US$99 million, consisting of (i) an A Loan of up to US$40 million, (ii) a B1 or Parallel Loan of up to US$19.6 million for the account of participant(s), (iii) a B2 Loan of US$19.4 million for the account of participant(s) under the MCPP, and (iv) a Trust Loan of up to US$20 million from IFC acting in its capacity as the implementing entity for the MCPP.

IFC will also support the Company’s efforts to close the gender gap in employment, including through the establishment of targets for improving gender balance in senior management and operational roles.                                               

 The towers financed by the IFC financing package are located in 9 provinces: Gansu, Yunnan, Guizhou, Guangxi, Heilongjiang, Qinghai, Sichuan, Henan, and Hainan, all in the frontier regions of China.