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UOB renews supply chain financing deal with LiuGong
The bank will provide cash management and trade finance services.
UOB has renewed a deal with China-based Guangxi LiuGong Machinery that faciliates supply chain financing for the latter's customers in Southeast Asia.
Under the terms of the new MOU, UOB will develop an end buyer financing credit framework and offer asset financing and hire purchase or lease financing to LiuGong’s customers in Indonesia and Thailand.
The Bank will also provide LiuGong’s supply chain with other financial solutions such as cash management, trade finance, working capital loans and hedging facilities.
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