Hangzhou Tigermed Indirect Unit Eyes 10 Million Yuan Credit Facility
Hangzhou Tigermed Consulting's (SHE:300347) indirect unit Frontage Suzhou plans to apply for a credit facility with Minsheng Bank of up to 10 million yuan to cover its daily business development needs.Holding subsidiary Frontage Shanghai agreed to provide a joint liability guarantee for up to the full amount, according to a Tuesday filing with the Shenzhen bourse.Shares of the medical laboratory operator were up 2% in recent trade.