Article by [author-name] (c) South China Morning Post - Read full story here.
Huawei said to be in talks with banks to raise US$2 billion despite being on US blacklist
Chinese telecommunications gear giant Huawei Technologies is in talks with banks to raise about US$2 billion, even as the company remains on a US trade blacklist that has barred it from doing business with American companies.Huawei hopes to raise the money through loans and bond sales outside China, according to a report in The Information, which cited people familiar with the matter. How much Huawei will end up raising and how many banks will be part of the deal remains unclear.Huawei’s…