{"id":8621,"date":"2022-04-25T00:00:00","date_gmt":"2022-04-25T00:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3734318_AE34318_0"},"modified":"2022-04-25T00:00:00","modified_gmt":"2022-04-25T00:00:00","slug":"vobile-group-secures-more-than-us127-million-in-acquisition-financing-through-hsbc","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=8621","title":{"rendered":"VOBILE GROUP SECURES MORE THAN US$127 MILLION IN ACQUISITION FINANCING THROUGH HSBC"},"content":{"rendered":"<div id=\"dvContent\" readability=\"82.410883280757\">\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1803275\/Vobile_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"xn-location\">SANTA CLARA, Calif.<\/span>, <span class=\"xn-chron\">April 25, 2022<\/span> \/PRNewswire\/ &#8212; Vobile Group Limited (SEHK: 3738; OTCQX: VOBIF), a global leader in Software-as-a-Service for online video content protection and monetization, has secured more than <span class=\"xn-money\">US$127 million<\/span> in facility for its proposed acquisition of Particle Culture Technology Group in mainland <span class=\"xn-location\">China<\/span>. Solely led by 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 <span class=\"xn-location\">China<\/span> amid the fast-changing technology landscape.<\/p>\n<p>&#8220;Having the full support of HSBC, one of the largest global banking and financial services organizations, is opening up a world of growth opportunities for Vobile,&#8221; stated Yangbin&nbsp; Wang, Chairman and CEO of Vobile Group, &#8220;The financing solution provided by HSBC Commercial Banking enables us to move forward with the closing of the announced major acquisition, which will further accelerate our business growth in <span class=\"xn-location\">China<\/span>. We look forward to expanding our collaboration with HSBC in the future.&#8221;<\/p>\n<p><span class=\"xn-person\">Frank Fang<\/span>, General Manager and Head of Commercial Banking, <span class=\"xn-location\">Hong Kong<\/span> and <span class=\"xn-location\">Macau<\/span>, said: &#8220;Technology and innovation are key growth drivers of the Mainland&#8217;s economy. HSBC is delighted to arrange a tailored financing solution for Vobile, elevating our relationship by further supporting its business ambition to expand into mainland <span class=\"xn-location\">China<\/span>. This transaction also reflects the Bank&#8217;s strategic commitment to helping entrepreneurs and the new economy connect to new opportunities through our global network and financial expertise.&#8221;<\/p>\n<p>As its key banking partner, HSBC has supported Vobile&#8217;s growth journey from the outset since 2015, providing wide range of services throughout its business lifecycle.&nbsp; On top of acquisition financing, the Bank provided capital expenditure facility under the HSBC GBA+ Technology Fund last year, a debt financing scheme that supports high growth companies in the new economy in the <span class=\"xn-location\">Guangdong<\/span>-Hong Kong-Macao Greater Bay Area.<\/p>\n<p>For media and investor inquiries, please contact: <a href=\"mailto:PR@VobileGroup.com\" rel=\"nofollow\">PR@VobileGroup.com<\/a><\/p>\n<p> <b>About Vobile Group<\/b> <\/p>\n<p>Vobile is a worldwide leader in Software-as-a-Service for online video content protection and monetization. Its best-in-class SaaS platforms are widely used by movie studios, television networks and record labels, enabling effective content protection for rightsholders and accelerating their revenue growth in digital economy. Vobile has global operations across continents in <span class=\"xn-location\">North America<\/span>, <span class=\"xn-location\">Asia<\/span>, <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">Europe<\/span>.<\/p>\n<\/p><\/div>\n<p>Source: Vobile, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SANTA CLARA, Calif., April 25, 2022 \/PRNewswire\/ &#8212; Vobile Group Limited (SEHK: 3738; OTCQX: VOBIF), a global leader in Software-as-a-Service for online video content protection and monetization, has secured more than US$127 million in facility for its proposed acquisition of Particle Culture Technology Group in mainland China. Solely led by HSBC, the bespoke financing package [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":8622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-8621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VOBILE GROUP SECURES MORE THAN US$127 MILLION IN ACQUISITION FINANCING THROUGH HSBC - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=8621\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VOBILE GROUP SECURES MORE THAN US$127 MILLION IN ACQUISITION FINANCING THROUGH HSBC - My Blog\" \/>\n<meta property=\"og:description\" content=\"SANTA CLARA, Calif., April 25, 2022 \/PRNewswire\/ &#8212; Vobile Group Limited (SEHK: 3738; OTCQX: VOBIF), a global leader in Software-as-a-Service for online video content protection and monetization, has secured more than US$127 million in facility for its proposed acquisition of Particle Culture Technology Group in mainland China. 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