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As of June last year, the group had total debt of 525.6 billion yuan while it had cash or short-term investment worth only about 50.4 billion yuan, according to its financial statement. Chen Feng, chairman of the group, said in December that this year would be a crucial period for the group to resolve its liquidity risks.

As part of the marketing event, organizers put together a popup "lipstation", which resembled a retro gas station, on the state highway and gave festival goers the opportunity to get a facial makeover on their way to Coachella.

As part of the financing, it said the ADB will also administer an additional loan provided by the Clean Technology Fund (CTF), which is a rollover amount from an existing CTF facility for the first phase of the project.

As part of the project, some 4,000 megawatts of electricity generated at new coal power plants at Port Qasim, Hub and Thar in Pakistan's southern region will be supplied to the country's densely populated central and northern parts.

As one of the world's leading ceramic tile manufacturers, Monalisa sells in more than 40 countries and regions. The company, founded in 1992, has introduced 3-D technology in processing, helping its products to become more competitive in the emerging market.