tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Arrail Group Secures Additional Share Pledge for Loan

Arrail Group Secures Additional Share Pledge for Loan

Arrail Group Ltd. (HK:6639) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Arrail Group Ltd. has bolstered its financial security by securing an additional pledge of 8.5 million shares from Mingda, linked to a loan agreement involving its controlling shareholder, Mr. Zou. This move increases the total pledged shares to over 23 million, enhancing the company’s security for the $11 million loan. The transaction, while a connected one under listing rules, is exempt from requiring independent shareholder approval.

For further insights into HK:6639 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1