Diversified manufacturer Chun Tai Holdings has secured a $45 million revolving loan from three investors, temporarily alleviating its cash-flow problems. The company yesterday signed a memorandum of understanding with its substantial shareholder and investment fund Baring Private Equity Partners (Hong Kong), financial adviser Zeppelin Capital and an unnamed money lender. However, Chun Tai is still negotiating with 25 banks and financial institutions to restructure $290 million in outstanding debts. The loan was lent to a newly incorporated subsidiary called Chun Tai Enterprises on an unsecured basis and will be used as working capital. Chun Tai's financial problems started to unfold two months ago when a creditor sued the company for $433,165.83.