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China Resources Beverage (Holdings) Company Limited ( (HK:2460) ) has provided an announcement.
China Resources Beverage (Holdings) Company Limited announced a significant change in its share pledge arrangement. Plateau Consumer Limited, the controlling shareholder, has shifted its pledge of 800 million ordinary shares, representing 33.36% of the company’s total issued share capital, from the Original Bank Consortium to a New Bank Consortium consisting of China Merchants Bank Co., Ltd., Hong Kong Branch, and CMB Wing Lung Bank Limited. This move is intended to secure commercial loans, and the New Bank Consortium is independent of the company. The arrangement includes a letter of undertaking that temporarily restricts the exercise of security rights over the shares, ensuring Plateau remains the controlling shareholder until October 23, 2025.
The most recent analyst rating on (HK:2460) stock is a Buy with a HK$12.50 price target. To see the full list of analyst forecasts on China Resources Beverage (Holdings) Company Limited stock, see the HK:2460 Stock Forecast page.
More about China Resources Beverage (Holdings) Company Limited
Average Trading Volume: 11,191,201
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$27.32B
For an in-depth examination of 2460 stock, go to TipRanks’ Overview page.