Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

TCL in Talks to Borrow Money for Thomson JV
Aug 18, 2004
 Printable format
 Email this Article
 Search

Hong Kong's TCL International Holdings Ltd. said that it is in talks with three banks to borrow between 100 million euros and 150 million euros (approx. U.S. $123 million and $185 million) to cover the working capital of its television joint venture with France's Thomson SA.

The unit of Shenzhen-listed TCL Corp. is in discussions with Societe Generale, Bank of China Hong Kong Ltd., and Sumitomo Mitsui Banking Corp. for a 5-year loan, according to a company executive.

The loan is meant to cover a U.S. $180-million bridge loan the company obtained earlier this month, which was also meant to finance the startup of TTE Corp.

TCL owns 67 percent and Thomson holds 33 percent of TTE, which officially began operations this month. (Dow Jones)

Back to Daily News

 

Daily News

...........................................................

Oct 2, 2014: Consumer confidence down in September

Oct 2, 2014: Canadian HVAC/R wholesaler sales down 0.8% in August

Oct 1, 2014: Whirlpool on Manufacturing Day: on track to exceed $1 billion U.S. investment goal

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows