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Runze Technology (300442.SZ) plans to apply to financial institutions for additional credit lines of no more than 50 billion yuan to continue to increase investment in the AIDC field
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According to Zhitong Finance App News, Runze Technology (300442.SZ) announced that the company plans to accelerate the implementation of the “seize AIDC Blue Ocean and strengthen core technical barriers” strategy, continue to increase investment in the AIDC field, and rapidly increase AIDC Blue Ocean market share with comprehensive business upgrading as the core gripper. In order to meet the capital requirements of the company and its subsidiaries at all levels within the scope of the company's consolidated statements and ensure the steady operation of the company, the company and its subsidiaries at all levels within the scope of the company's consolidated statements plan to apply for additional credit lines totaling no more than RMB 50 billion (or foreign currency equivalent) from relevant financial institutions on top of the original credit grants.

The forms and uses of credit include but are not limited to working capital loans, fixed asset loans, project loans, acceptance notes, letters of credit, bill discounting, supply chain finance, accounts receivable factoring, financial leasing, etc. The specific cooperative financial institutions and final financing amounts and forms will be determined through further negotiations with the relevant financial institutions, and the duly signed agreement shall prevail.

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