China Yuchai enters into short-term $35M loan
China Yuchai agrees to short-term loan valued at $35 million with DBS Bank of Singapore
- On 2:21 pm EDT, Wednesday September 2, 2009
WASHINGTON (AP) -- Chinese diesel engine maker China Yuchai International Ltd. said Wednesday it has entered into a short-term loan with DBS Bank Ltd. of Singapore.
The new loan has a value of $40 million Singapore dollars ($34.7 million) with a one-year duration.
The new facility will be used to finance the company's long-term working capital requirements.
Shares of China Yuchai added 3 cents to $8.39 in afternoon trading.
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