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China Risun Group Ltd. ( (HK:1907) ) has issued an announcement.
China Risun Group Ltd. has announced a provision of a guarantee in connection with a financing arrangement for its joint venture, Risun Wei Shan. The company, holding a 51% stake in the joint venture, has committed to guarantee up to US$269.6 million, aligning with its proportionate equity interest. This move facilitates a US$453 million financing package aimed at refinancing Risun Wei Shan’s existing debts and supporting its working capital needs. While the guarantee showcases the company’s financial commitment to its collaborative projects, it also heightens its financial exposure, which stakeholders will monitor closely.
The most recent analyst rating on (HK:1907) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on China Risun Group Ltd. stock, see the HK:1907 Stock Forecast page.
More about China Risun Group Ltd.
China Risun Group Ltd. operates in the chemical and energy sector, focusing on the production and supply of industrial chemicals, energy products, and related services. It holds a significant market focus on joint venture partnerships and ventures into facilities financing and operational guarantees.
Average Trading Volume: 7,150,930
Technical Sentiment Signal: Sell
Current Market Cap: HK$9.98B
See more data about 1907 stock on TipRanks’ Stock Analysis page.