Market Chatter: Ubtech Robotics Secures Up to $1 Billion Credit Line from Infini Capital

MT Newswires Live
Sep 02

Ubtech Robotics (HKG:9880) has received an up to $1 billion credit line from Hong Kong-based Infini Capital to fund product expansion, the South China Morning Post reported Monday.

The Chinese robotics company is planning to establish a factory in the Middle East and previously raised HK$2.41 billion via a share offering to fund construction projects, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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