Vobile Group Secures More Than USD 127m for Acquisition of Particle Culture Technology Group.
MANews-(C)2009-2022
Hong Kong-based online video content protection and monetization software firm Vobile Group Ltd. (SEHK:3738) (OTCQX: VOBIF) has secured more than USD 127m in facility for its proposed acquisition of Particle Culture Technology Group in mainland China, the company said.
Solely led by HSBC (NYSE: HSBC), the bespoke financing package is comprised of senior bilateral facility as well as private credit funds, supporting Vobile to drive its innovation and growth strategy in mainland China amid the fast-changing technology landscape.
As its key banking partner, HSBC has supported Vobile's growth journey from the outset since 2015, providing wide range of services throughout its business lifecycle.
On top of acquisition financing, the Bank provided capital expenditure facility under the HSBC GBA+ Technology...
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