Focus Media Information Technology (SHE:002027) overseas subsidiaries secured a combined credit facility of up to $30 million from HSBC to support business development.
The facilities will be allocated among Focus Media Development, Vietnam Goldsun and Focus Media Hong Kong, with credit and letter-of-credit sub-limits, according to a Tuesday filing with the Shenzhen bourse.
Company subsidiary FMDL will provide a guarantee for the facilities.
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