Dear K Apinuch
Refer to the payment settlement problem from our GSA in China, after I had the discussion with K Kiko and K Brenda, there is the stroy behind as below.
-Due to China policy, normally when Chinese open the company, they register it in Chinese name.
When Chinese company will deal with Oversea company, Chinese company can register English
company name under the original Chinese company.
-So, K Brenda is holding a few English company name, such as Travel Link Marketing(TLM), Travel Link Leisure(TLL), Travel Link Daily(TLD). However these English name companies are all under registering in the only one original Chinese company.
-I understand that she is separately using these English companiese depending on the business field.
-Concerning travel business such as PG is under TLM, media business is under TLD.
-K Brenda just made the agreement with Bangkok General Hospital Group(BGH) for China market and it is signed under TLL.
-A company can open only one USD(Foreign currency) account in one bank. It means that if TLL will open in China Merchant Bank, TLM can not open USD account in China Merchant bank, due to TLL and TLM are considering the same company with original Chinese name company.
-TLM used to had the account in China Merchant Bank.
-However when K Brenda made the agreement with BGH, due to registration reason, she used TLL for BGH and need to change bank account register name from TLM to TLL in China Merchant Bank.
-And TLM has open USD account in Bank of China.
-we found out that Bank of China is having remitance limitation.
These are the story why TLM had to change the bank.
Concerning the solution of this problem, I can say there are 2 options as below.
1. We will authorize TLM to use TLL name for the payment matter.
It may be most simply solution for both side. If you will fine with it, I can make the letter for this matter.
2. Ask TLM to look for other bank which has no limitation for oversea payment.
I am appreciated very much for your kind consideration on this issue and kindly let me know your advise.
Best regards
OCHIAI