Goer shares (002241.SZ) subsidiary plans to provide loans to Haylo of not more than 100 million US dollars to help its acquisition of Plessey.

Wisdom Finance News APP announced that Goer Holdings (002241.SZ) plans to provide a interest-bearing loan of up to 100 million US dollars to its wholly-owned subsidiary Hong Kong Goer Technology with its own funds, to be repaid in five years. Haylo Labs Limited ("Haylo") will use the loan to acquire 100% equity interest in Plessey Semiconductors Limited ("Plessey") and increase capital for Plessey to purchase fixed assets related to Micro-LED and supplement operating funds. Plessey and its related subsidiaries guarantee the repayment of the aforementioned loan principal and interest.