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China High Speed Transmission Equipment Group Co ( (HK:0658) ) has provided an announcement.
China High Speed Transmission Equipment Group Co, through its subsidiary Nanjing Handa, is involved in a financial transaction involving a loan agreement and subsequent loan assignment. The company operates in the financial sector, focusing on providing loans to enhance working capital for its partners. In a recent announcement, the company disclosed a connected and discloseable transaction involving a RMB250 million loan extended by Nanjing Handa to Nanjing Fengsheng Kangju, Five Seasons, and Fullshare. This loan was later assigned to Enkaiyi for the same amount. The transaction is significant due to its implications under the Hong Kong Stock Exchange’s Listing Rules, requiring reporting and announcement but exempting shareholder approval. The transaction highlights the company’s strategic financial maneuvers and its compliance with regulatory requirements.
More about China High Speed Transmission Equipment Group Co
YTD Price Performance: -2.38%
Average Trading Volume: 463,266
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.34B
Find detailed analytics on 0658 stock on TipRanks’ Stock Analysis page.