Shenzhen Newway Photomask Making's (SHA:688401) unit, Xiamen Luwei Optoelectronics, plans to apply for a comprehensive credit facility of no more than 500 million yuan to fund the building of a high-precision photomask production base, according to a Shanghai bourse filing on Friday.
The Chinese mask manufacturer will apply the loan from the Agricultural Bank of China (HKG:1288, SHA:601288), with the loan having a 10-year term.
Newway's shares slipped over 1% at the close of Friday's trade.
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