Zai Lab Secures 300 Million Yuan Credit Line

MT Newswires Live
Oct 17

Zai Lab (HKG:9688) secured a 300 million yuan loan facility from Industrial Bank (SHA:601166), according to a Hong Kong bourse filing on Friday.

The loan will help support the company's working capital needs in mainland China.

The facility expires on May 5, 2026.

The biopharmaceutical company's shares were down over 1% in pre-market trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10