Beijing Health (Holdings) Limited (HK:2389) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Beijing Health (Holdings) Limited has provided a CAD500,000 loan in August 2023 and a subsequent CAD8.6 million loan in July 2024 to an associate company, for which it holds a 47.47% ownership stake, to support working capital needs. The latter loan is interest-bearing at 10% per annum and is repayable on demand, in accordance with the Shareholders Agreement. While the 2023 loan did not meet the threshold for disclosure, the 2024 loan, in aggregation with the previous loan, qualifies as a discloseable transaction under the Listing Rules.
For further insights into HK:2389 stock, check out TipRanks’ Stock Analysis page.