Routon Electronic to Apply for 45 Million Yuan Loan

MT Newswires Live

03-17

Routon Electronic (SHA:600355) plans to apply for a loan amounting to 45 million yuan, according to a Shanghai Stock Exchange filing on Saturday.

The company plans to draw the five-year loan from China Everbright Bank's (SHA:601818, HKG:6818) Wuhan branch.

The Chinese software and telecommunication electronic products manufacturer will use its real estate and land as security for the loan, the filing said.

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