Raycus Laser inks financial cooperation deal with CASIC Finance

Wuhan Raycus Fiber Laser Technologies (SZSE:300747) announced a new financial cooperation agreement with CASIC Finance Co., Ltd., its controlling shareholder's financial arm. The three-year agreement, effective immediately, will facilitate Raycus's access to a range of financial services, including deposits, loans, and settlement services. Raycus expects to apply for a total credit line of up to RMB 1.5 billion from CASIC Finance in 2025; actual lending will not exceed RMB 600 million.