Zai Lab Secures RMB300 Million Revolving Credit Facility from Industrial Bank Co., Ltd. to Support China Operations
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Zai Lab Limited has secured a RMB300 million revolving credit facility from Industrial Bank Co., Ltd. to support its working capital needs in mainland China. The facility, guaranteed by Zai Lab Limited for its subsidiary, is available until May 5, 2026, with loans having a one-year term. No funds have been drawn under this facility to date. The agreement includes standard representations and covenants, restricting certain transactions without lender consent.
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