Horizon Robotics Extends 64 Million Yuan Loan to CEO

MT Newswires Live

2025/12/15

Horizon Robotics (HKG:9660) agreed to grant a 64 million yuan loan to Chairman, CEO, and controlling shareholder, Kai Yu, a Dec. 12 Hong Kong bourse filing said.

Shares of the robotics company were down over 2% in Monday afternoon trading.

The loan has a 12-month term and an interest rate equal to the one year loan prime rate published by the National Interbank Funding Center on the last business day before the drawdown date.

The loan was provided for Kai's tax compliance purposes.

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