China Shipping’s CS Finance Company is offering up two facilities to CSCL as "financial support" with the aim of bolstering its balance sheet.
The first $200m loan will run for three years, with the second smaller cheque needing to be repaid in a single year.
“The loan will be mainly used for replenishment of CSCL HK’s liquidity and increase its cash flow, which in turn will serve to enhance its ability to continue as a going concern," a statement said.
