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China Electronics Secures New RMB1 Billion Financing

China Electronics Secures New RMB1 Billion Financing

China Electronics Optics Valley Union Holding Co., Ltd. (HK:0798) has released an update.

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China Electronics Optics Valley Union Holding Co., Ltd. has announced a new financial agreement with CEC Finance, securing a revolving facility of up to RMB1 billion for its subsidiary, Wuhan OVU. This move follows the expiration of a previous facility and reflects Wuhan OVU’s ongoing need for financing. The new facility is set to run from February 2025 to February 2026, underscoring the company’s strategic financial planning.

For further insights into HK:0798 stock, check out TipRanks’ Stock Analysis page.

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