Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Resources Cement Holdings ( (HK:1313) ) just unveiled an update.
China Resources Cement Holdings, through its subsidiary Redland Concrete Limited, has secured a HKD1,300,000,000 term loan facility with a bank. This agreement mandates that China Resources (Holdings) Company Limited must maintain at least a 35% shareholding in the company, with current ownership at approximately 68.72%. The facility has a maturity of three years from the first drawdown date. If the shareholding requirement is not met, it could trigger a mandatory prepayment, making the entire loan amount immediately due.
More about China Resources Cement Holdings
YTD Price Performance: 17.14%
Average Trading Volume: 5,750
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.7B
See more insights into 1313 stock on TipRanks’ Stock Analysis page.