Capital Environment Holdings Limited (HK:3989) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Capital Environment Holdings Limited has extended a loan to its now partially-owned subsidiary, Capital Environmental Sanitation, to strengthen its financial position and support the ongoing development of sanitation services in rural China. The loan, with an interest rate of 6.5% per annum, will be used specifically for the Renqiu Project’s working capital and is expected to provide a stable income stream for the Group. No security has been provided for this loan, which is part of the Group’s strategy to maximize returns and manage risk exposure effectively.
For further insights into HK:3989 stock, check out TipRanks’ Stock Analysis page.