---
title: "FRONTOP: Plans to apply for a merger loan of no more than 61 million yuan from the bank"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254831912.md"
description: "FRONTOP announced that the company plans to apply for a merger and acquisition loan of no more than 61 million yuan from the bank, to pay for the acquisition of 51% equity in Zhejiang Yugong Information Technology Co., Ltd. and related taxes or to replace the self-raised funds paid in advance. The loan term will not exceed 10 years. The company will provide a pledge guarantee with 51% equity of its controlling subsidiary, Yugong Technology. This loan aims to optimize the financing structure and improve the efficiency of fund utilization, and will not have a significant impact on the company's normal production and operation"
datetime: "2025-08-27T13:28:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254831912.md)
  - [en](https://longbridge.com/en/news/254831912.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254831912.md)
---

# FRONTOP: Plans to apply for a merger loan of no more than 61 million yuan from the bank

FRONTOP announced that the company plans to apply for a merger and acquisition loan of no more than 61 million yuan from the bank, to be used for paying the acquisition price and related taxes for 51% equity of Zhejiang Yugong Information Technology Co., Ltd. or replacing the self-raised funds paid in advance, with a loan term of no more than 10 years. The company will provide a pledge guarantee with 51% equity of its controlling subsidiary Yugong Technology. This loan aims to optimize the financing structure and improve the efficiency of fund utilization, and will not have a significant impact on the company's normal production and operation

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