JCET Group (SHA:600584) plans to apply for a comprehensive credit line of up to 400 million yuan from Guangdong China Resources Bank, according to a Friday filing on the Shanghai bourse.
The semiconductor company will also conduct deposit and fund operations, such as demand deposits, notice deposits, time and structured deposits. The maximum average daily deposit balance is 500 million yuan.
The term is up to 12 months.
The company's trade jumped 3% during the morning trade.
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