BASIS POINT-Daimler's China JV seeks 2 bln yuan loan for truck plant

Newswire

(The following item was previously published by Basis Point, a Thomson Reuters publication) By Kane Wu HONG KONG, Feb 28 (Reuters Basis Point) - Beijing Foton Daimler Automotive Co Ltd, a joint venture of Shanghai-listed Beiqi Foton Motor Co Ltd and German carmaker Daimler AG, is seeking a Rmb2bn ($317.36 million) three- to five-year loan to acquire a truck factory, banking sources said. Foton Daimler will acquire a factory from Beiqi Foton, which makes the Foton Auman, a truck model which ...

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