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GoerTek Subsidiary Offers Up to US$100 Million Interest-Bearing Loan to Haylo for Plessey Acquisition
2 day ago /
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Author：小编
GoerTek's wholly-owned subsidiary intends to extend a loan of up to US$100 million, bearing interest, to Haylo. This funding is designed to facilitate Haylo's acquisition of Plessey and bolster its capital investment, thereby accelerating the advancement of Micro-LED technology. The loan agreement spans a period of five years, during which time, should Haylo or Plessey be acquired or go public, GoerTek will be entitled to a share of the related proceeds. This strategic investment underscores GoerTek's commitment to fostering future growth in the realms of AI smart glasses and AR business.
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