SMART money

The Malaysian technology company mandates ABN AMRO to consolidate its regional payables and receivables.

SMART Modular Technologies, the Malaysian maker of computer memory modules, wireless communication devices and wireline sub-systems, is moving to consolidate its cash management activities with one bank.

The company has mandated ABN AMRO to handle regional payments, receivables and liquidity management from its treasury office in Malaysia. The mandate currently covers transactions in Malaysia, China, India and Korea but is likely to be extended to other Asian countries.

SMART says the plan...

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