UEI Subsidiary Gemstar Technology Increases Borrowing Capacity with Bank of China to 130 Million RMB

Reuters08-01

UEI Subsidiary Gemstar Technology Increases Borrowing Capacity with Bank of China to 130 Million RMB

Gemstar Technology (Yangzhou) Co. Ltd., a subsidiary of Universal Electronics Inc., has enhanced its borrowing capacity following recent agreements with Bank of China Limited. On July 30, 2025, the company entered into a Line of Credit Agreement and a Working Capital Loan Contract with the bank's Baoying Sub-Branch. These contracts have increased Gemstar's borrowing limit from 80,000,000 RMB to 130,000,000 RMB, which will be utilized for general business purposes until July 16, 2026. This move signifies an expansion in financial resources, potentially supporting Gemstar's ongoing and future operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UEI - Universal Electronics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000101984-25-000182), on July 31, 2025, and is solely responsible for the information contained therein.

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On July 30, 2025, the company entered into a Line of Credit Agreement and a Working Capital Loan Contract with the bank's Baoying Sub-Branch. These contracts have increased Gemstar's borrowing limit from 80,000,000 RMB to 130,000,000 RMB, which will be utilized for general business purposes until July 16, 2026. This move signifies an expansion in financial resources, potentially supporting Gemstar's ongoing and future operations.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UEI - Universal Electronics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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