27
Nov
By DS-Concept
DS-Concept has provided a $3 million export factoring facility to a trading company that sells metal packaging materials to buyers from the US, Peru, and Chile. The company, based in Shanghai, will use the accelerated cash flow to expand trade with western countries and escalate orders from buyers.
The partnership took shape as the client sought to grow its business but was stuck complying to the TT at sight terms popular among Chinese manufacturers in the industry. Consequently, it...