GLG Corp, the trading arm of Singapore-headquartered Ghim Li Group, a global textile and apparel supply chain management firm, is working with several financial institutions to increase the company's existing revolving credit lines to mitigate its short-term financial burden, according to Felicia Gan, deputy chief executive officer of Ghimli Global Pte Ltd.
The company is collaborating with customers to make payment for those goods that were delivered or arranging with banks to finance receivables from the customers in transit, she told Fibre2Fashion in an interview.GLG Corp, the trading arm of Singapore-headquartered Ghim Li Group, a global textile and apparel supply chain management firm, is working with several financial institutions to increase the company's existing revolving credit lines to mitigate its short-term financial burden, according to Felicia Gan, deputy chief executive officer of Ghimli Global Pte Ltd.#
The company has also reached out to its suppliers and landlords to discuss additional mitigating measures during this difficult time. Other preventive measures to conserve cash and reduce costs will be taken, she added.
For the full interview, please click here.
Fibre2Fashion News Desk (DS)
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