Vimicro announes $29.5M asset-backed loan with China Construction Bank

theflyonthewall.com

Vimicro announced that the company signed an agreement for a $29.5M asset-backed loan with China Construction Bank on March 28. The loan has a 5-year term with an annualized variable interest rate equal to 105% of the benchmark lending rate designated by the People's Bank of China.

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