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An announcement from China Jinmao Holdings Group Limited ( (HK:0817) ) is now available.
China Jinmao Holdings Group Limited announced that its indirect non-wholly-owned subsidiary, Shanghai Qinmaojia, has entered into a Framework Agreement to provide loans to its shareholders, Xi’an Baomao and Qinruijia Shanghai. The loans will be distributed in proportion to their shareholding ratios and are subject to the same terms and conditions. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules due to the applicable percentage ratios, necessitating reporting and announcement requirements. The effective interest rate for these loans will be based on the latest one-year loan prime rate, with a floating range of 50% higher or lower.
The most recent analyst rating on (HK:0817) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Jinmao Holdings Group Limited stock, see the HK:0817 Stock Forecast page.
More about China Jinmao Holdings Group Limited
China Jinmao Holdings Group Limited operates in the real estate industry, focusing on property development, hotel operations, and commercial leasing. The company is known for its comprehensive urban development projects and has a significant presence in the Chinese market.
Average Trading Volume: 30,714,882
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.32B
See more data about 0817 stock on TipRanks’ Stock Analysis page.