TBH Global Co., Ltd (KOSE:A084870) is considering a sale of its Chinese business that could raise about $200 million, according to people familiar with the matter. TBH has held talks with potential advisers about the sale, said the people, who asked not to be identified because the matter is private. The business could draw interest from other apparel companies as well as private equity firms, one of the people said. TBH Global is exploring various ways to raise funds to repay debt and the sale is one of the options for consideration, a representative for the company said in response to Bloomberg queries. The company’s creditors include Goldman Sachs Group Inc. A representative for Goldman declined to comment. Deliberations about a potential sale are at an early stage, and no final decisions have been made, according to the people.