UBTECH Robotics Secures Significant Bank Credit for Growth

UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.

UBTECH Robotics Corp Ltd is seeking to bolster its business expansion by arranging bank credit lines totaling up to RMB 1,950 million from several banks, including China CITIC Bank and Shanghai Pudong Development Bank. This financial maneuver is subject to approval at the company’s general meeting, reflecting its strategic aim to ensure operational continuity. The credit arrangements are expected to be validated for a one-year term, supporting UBTECH’s growth prospects in the competitive robotics market.

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