Wuxi Little Swan
Washing machine maker Wuxi Little Swan will move its offices and production facilities from the urban district to Wuxi High-tech Development Zone before June 2009.
The company is applying to three banks for RMB700 million credit lines to enlarge its capital base and ensure normal operation and production. The three banks are China Merchants Bank, CITIC Industrial Bank and China Minsheng Banking Corporation.
Jiangsu Little Swan Group has 33 subsidiary companies.
Wuxi Little Swan is the largest domestic producer of washing machines and the group also produces air conditioners, refrigerators, dishwashers, dryers and industrial washing machines.
Source: Trading Markets
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