Sunrise Secures Additional $13.75M Low-Interest Loan From China Construction Bank, Bolstering Liquidity For Order Fulfillment
Portfolio Pulse from Benzinga Newsdesk
Sunrise New Energy (NASDAQ:EPOW) has secured an additional $13.75 million low-interest loan from China Construction Bank, bringing the total loans received in 2024 to $27.51 million. The funds will enhance liquidity and expedite order fulfillment for major lithium battery manufacturers.
July 22, 2024 | 7:41 pm
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Sunrise New Energy has secured an additional $13.75 million low-interest loan from China Construction Bank, enhancing liquidity and enabling quicker order fulfillment for major lithium battery manufacturers.
The additional $13.75 million loan will significantly enhance Sunrise New Energy's liquidity, allowing the company to fulfill orders more quickly. This is likely to positively impact the company's revenue and stock price in the short term.
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