UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
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UBTECH ROBOTICS CORP LTD has announced its plans to apply for bank credit to support its business expansion, with the proposal including credit limits up to 1,100 million RMB from various banks. The Board has resolved to seek approval from the general meeting for these credit arrangements, which they consider to be in the best interest of the Company and its Shareholders.
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