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Arrail Group Ltd. ( (HK:6639) ) has shared an update.
Arrail Group Limited, a company incorporated in the British Virgin Islands and continued in the Cayman Islands, has announced a connected transaction involving an amendment to a loan agreement and the pledge of additional shares by its controlling shareholder. The principal amount of the loan has been reduced from US$11 million to US$7.5 million, and the loan term extended by another year. To secure the loan, additional shares have been pledged, representing approximately 9.13% of the company’s total issued share capital. This transaction is subject to reporting and announcement requirements under the Listing Rules but is exempt from circular and independent shareholders’ approval.
More about Arrail Group Ltd.
Average Trading Volume: 1,076,261
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.21B
Find detailed analytics on 6639 stock on TipRanks’ Stock Analysis page.