Corporate governance helps Amvig upsize loan
Amvig, the paper packaging manufacturer, has increased a three year loan to HK$900m ($116m), after the borrower secured commitments from 19 banks attracted by the company’s exposure to China and high corporate governance standards.
Amcor, an Australian listed company subject to Australian corporate governance, is a major shareholder of Amvig, which has significant operations in China where it holds a 12% share of the tobacco packaging market. Bankers said that this boosted lender comfort with the company’s credit — particularly among Taiwanese
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