China Industrial Securities International Secures HK$200 Million Short-Term Loan Facility Tied to Shareholding Covenant

An update from China Industrial Securities International Financial Group Ltd. ( (HK:6058) ) is now available.

China Industrial Securities International Financial Group Limited has secured an uncommitted short-term loan facility of up to HK$200 million (or its equivalent in USD or RMB) from a bank, enhancing its financial flexibility for operational and funding needs. The facility includes a covenant that triggers an event of default if controlling shareholder Industrial Securities Co., Ltd. ceases to hold at least 51% of the company’s issued share capital, underscoring lenders’ reliance on the current ownership structure; the company will provide ongoing disclosure in its interim and annual reports as long as this obligation remains in force.

The most recent analyst rating on (HK:6058) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Industrial Securities International Financial Group Ltd. stock, see the HK:6058 Stock Forecast page.

More about China Industrial Securities International Financial Group Ltd.

China Industrial Securities International Financial Group Limited is a Hong Kong-listed financial services provider incorporated in the Cayman Islands, operating under the stock code 6058. The company is controlled by Industrial Securities Co., Ltd., which holds about 60% of its issued share capital, and it offers a range of securities and investment-related services to clients in international markets.

Average Trading Volume: 2,791,150

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.94B

See more insights into 6058 stock on TipRanks’ Stock Analysis page.