Cambricon Directors Greenlight 12 Billion Yuan Credit Facility; Shares Surge 9%

MT Newswires Live05-25

Cambricon Technologies (SHA:688256) directors approved up to a 12-billion-yuan comprehensive credit line for the chipmaker, according to a Saturday filing with teh Shanghai bourse.

The credit line is valid for 36 months, the chipmaker said in its filing.

Shares jumped 9% during late afternoon trading on Monday.

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