Digital China Said to Hire Two Banks for $150 Million Facility
Digital China Holdings Ltd. (861), the country’s biggest distributor of technology products, hired HSBC Holdings Plc and Fubon Bank Hong Kong Ltd. to help it borrow $150 million, according to a person familiar with the matter.
The facility is likely to be a term loan which matures in three years, the person said, asking not to be identified as details are private.
Digital China, which sells products for companies including International Business Machines Corp. and Apple Inc. (AAPL), is in discussions with banks about a possible listing of its computer services unit, Chairman Guo Wei said earlier this month.
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