HK: CITIC Bank to provide $1.5b financing to AAC Technologies

HK: CITIC Bank to provide $1.5b financing to AAC Technologies

Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this file picture illustration taken in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Files

Apple Inc supplier AAC Technologies Holdings, a target of a recent short-seller attack, said on Friday China CITIC Bank Corp had agreed to provide credit and financing of at least 10 billion yuan ($1.5 billion) for a two- year term.

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