Greater China

CSCL applies for $57m loan

Hong Kong: China Shipping Container Lines (CSCL) announced that its full subsidiary CSCL (Hong Kong) plans to apply for a $57m loan from the offshore department of Pingan Bank in order to supplement its operating capital. CSCL will provide guarantees for the loan.

CSCL reported an estimated loss of RMB2.63bn in the year of 2013. [28/02/14]

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