Knorr-Bremse's Rmb300m intercompany loan
Germany-based braking system maker Knorr-Bremse completed its second renminbi cross-border loan.
Knorr-Bremse has completed a Rmb300 million six-month intercompany loan from Suzhou to Hong Kong via HSBC at the end of May, CT has learnt. This is Knorr-Bremse’s second transaction of its type; a Rmb200 million loan was pushed through last August from the same city to Hong Kong.
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