Source: Tech – South China Morning PostUBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion, including a joint venture in the Middle East.
The Hong Kong-listed company said in an exchange filing on Sunday it would receive funding from Infini Capital, an investment conglomerate headquartered in Hong Kong and Abu Dhabi. The support would come through share allocations, convertible bonds and expedited…Read More