Zhitong Finance App News, Laifu Harmonic (03952.HK) announced that the company plans to enter into credit agreements with certain financial institutions. Based on this, the company plans to apply for credit lines totaling up to RMB 1.5 billion from financial institutions. The proposed credit line is intended to be used (including) for companies and financial institutions to carry out comprehensive business such as working capital loans, fixed asset loans, pledge loans, bank acceptance notes, letters of credit, and bill discounts. The specific terms of the proposed credit limit (including the amount and timing of any withdrawals) are subject to further negotiations and the signing of a credit agreement between the company and the financial institution before implementation.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.