SINOHUB Receives New RMB 23.5 Million Letter of Credit Line from Commercial Industrial Bank
SinoHub Technology Company, Ltd. today announced that it has successfully closed a RMB 23.5 Million Letter of Credit facility with the Commercial Industrial Bank . The company will use the funds to expand its electronic component procurement fulfillment business in China. Already a leading company in the rapidly growing field of electronic component supply chain management services in China (import, buffer inventory, procurement fulfillment, VMI, just-in-time delivery, export and other services), SinoHub will use these funds to propel itself into a dominant position in this field.
Source: http://blog.express-press-release.com/2007/08/21/sinohub-receives-new-rmb-235-million-letter-of-credit-line-from-commercial-industrial-bank/
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