Hytera Increases Credit Lines to Support Growth
With the continuous expansion of the company, Hytera is increasing credit limits as the previously granted credit lines has been insufficient to meet the company's demand for its further expansion.
In order to better support the company's business development and to ensure the proper functioning, the funds needed to meet the company's needs. Therefore, the manufacturer of critical communications solutions, intends to apply for new bank credit line to 900 million yuan ($141.75 million) from four different banks.
Yesterday, the company said, it plans to boost its electronic unit capital by 200 million yuan ($30.17 million). This subsidary is mainly engaged in special vehicle modification, automotive research and development of electronic information systems technology.
