China Risun Group Ltd. (HK:1907) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Risun Group Ltd. has announced a significant financial move by guaranteeing a loan of approximately RMB1,025.1 million for its associate, Pingxiang Risun Energy. This loan, totaling RMB2,010.0 million, is intended to support a coking project with an annual output of 1.8 million tonnes. Risun Group’s commitment underscores its strategic involvement in Pingxiang Risun Energy’s growth and development.
For further insights into HK:1907 stock, check out TipRanks’ Stock Analysis page.