Swing Media Technology Group says it entered into a $10 million equity line facility with YA Global Master SPV, LLC, a fund managed by Yorkville Advisors, LLC of Jersey City, New Jersey, US. The investment was advised out of Hong Kong.

Swing Media, a manufacturer and supplier of data storage products and peripherals, plans to use the funds for the group’s general corporate and working capital purposes and to further expand its core business and explore new ventures, including expansion into China green energy sector.