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Aceso Life Science Group Faces Loan Default Challenge

Story Highlights
  • Aceso Life Science Group defaulted on facility agreements with GBP79.0 million outstanding.
  • The company seeks legal and financial solutions to address the loan default issue.
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Aceso Life Science Group Faces Loan Default Challenge

Aceso Life Science Group Limited ( (HK:0474) ) has issued an announcement.

Aceso Life Science Group Limited has announced a default on its facility agreements, with an outstanding principal amount of approximately GBP79.0 million. The company is actively seeking legal advice and exploring financial options to address the default, while advising shareholders and potential investors to exercise caution.

More about Aceso Life Science Group Limited

Aceso Life Science Group Limited is a company incorporated in the Cayman Islands, operating within the life sciences industry. The company, along with its subsidiaries, focuses on providing life science-related products and services.

YTD Price Performance: -18.00%

Average Trading Volume: 253,593

Technical Sentiment Signal: Buy

Current Market Cap: HK$302.7M

See more insights into 0474 stock on TipRanks’ Stock Analysis page.

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