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An announcement from China Merchants Port Holdings Co ( (HK:0144) ) is now available.
China Merchants Port Holdings Company Limited announced a shareholder loan facility agreement with Terminal Link, a marine terminal services provider. The agreement involves a USD19.6 million loan to support Terminal Link’s expansion, with a 10-year availability period and an interest rate of 8.25% per annum. This strategic financial move is expected to bolster Terminal Link’s capital expenditure expansion, with CMA Terminals also contributing a proportional loan. The initiative underscores China Merchants Port’s commitment to strengthening its partnerships and expanding its influence in the global port industry.
The most recent analyst rating on (HK:0144) stock is a Buy with a HK$16.50 price target. To see the full list of analyst forecasts on China Merchants Port Holdings Co stock, see the HK:0144 Stock Forecast page.
More about China Merchants Port Holdings Co
China Merchants Port Holdings Company Limited is a prominent player in the port and terminal industry, primarily engaged in the operation and management of ports and terminals. The company focuses on expanding its global footprint and enhancing its service offerings in the maritime logistics sector.
Average Trading Volume: 3,114,259
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$63.89B
For an in-depth examination of 0144 stock, go to TipRanks’ Overview page.