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The latest update is out from Chanjet Information Technology Co., Ltd. Class H ( (HK:1588) ).
Chanjet Information Technology Co., Ltd. has announced a loan agreement with its controlling shareholder, Yonyou, providing a loan of RMB 70 million for a one-year term starting December 2025. This transaction is classified as both a discloseable and connected transaction under the Hong Kong Listing Rules, requiring reporting and announcement but exempt from shareholder approval. The loan is intended to supplement Yonyou’s working capital, with an interest rate of 3% per annum and no collateral required.
The most recent analyst rating on (HK:1588) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Chanjet Information Technology Co., Ltd. Class H stock, see the HK:1588 Stock Forecast page.
More about Chanjet Information Technology Co., Ltd. Class H
Chanjet Information Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates in the technology sector, focusing on providing software and IT solutions. The company is listed on the Hong Kong Stock Exchange and its operations are primarily centered around the Chinese market.
Average Trading Volume: 860,657
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2.78B
See more data about 1588 stock on TipRanks’ Stock Analysis page.