On Aug 29, Universal Electronics' Unit Entered Line Of Credit Agreement, Maximum Mortgage Contract & Working Capital Loan Contract; Under BOC Loan Contracts, Unit Allowed To Borrow Up To RMB80 Million For General Business Purposes Until July 24, 2025
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Universal Electronics' unit has entered into a line of credit agreement, a maximum mortgage contract, and a working capital loan contract with the Bank of China. The unit is allowed to borrow up to RMB80 million for general business purposes until July 24, 2025.
September 03, 2024 | 6:36 pm
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Universal Electronics' unit has secured a line of credit agreement with the Bank of China, allowing it to borrow up to RMB80 million for general business purposes until July 24, 2025.
The line of credit agreement provides Universal Electronics' unit with additional financial flexibility and resources for its business operations, which is generally positive for the company's financial health and operational capacity.
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