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China Aerospace International Holdings Limited ( (HK:0031) ) has provided an update.
China Aerospace International Holdings Limited has announced that its subsidiary, Nantong Hong Yuen Circuit Technology, has secured a RMB 1 billion syndicated loan for eight years with major Chinese banks. This loan will fund the construction of a new integrated circuit packaging substrate plant, enhancing the company’s production capabilities and market position. The agreement includes specific performance obligations linked to the company’s controlling shareholder, which, if not met, could trigger a default scenario affecting the loan’s status.
More about China Aerospace International Holdings Limited
China Aerospace International Holdings Limited is involved in the aerospace industry, focusing on technology and engineering services. The company is engaged in developing integrated circuit packaging substrate plants through its subsidiaries.
YTD Price Performance: -2.78%
Average Trading Volume: 3,026,620
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.08B
Learn more about 0031 stock on TipRanks’ Stock Analysis page.