Asia
Suzhou Veichi Electric Seeks Bank Credit Facility of Up to 1.6 Billion Yuan
Suzhou Veichi Electric (SHA:688698) will apply for a bank credit facility of up to 1.6 billion yuan to support operational development needs.The credit line is valid for 12 months from the Aug. 10 board meeting that approved the deal, according to a Tuesday filing with the Shanghai bourse.Shares of the producer of industrial automation control products closed 3% higher Tuesday.
SHA:688698
