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An announcement from China Tianbao Group Development Company Limited ( (HK:1427) ) is now available.
China Tianbao Group Development Company Limited announced that its controlling shareholder, Jixiang International Industrial Company Limited, has pledged 263,380,800 shares, representing approximately 30% of the total issued shares, as security for a loan facility of US$45 million. This strategic financial maneuver involves an independent third party, Ninety Nine Dragons Limited, and signifies a significant leveraging move by the company, potentially impacting its financial standing and stakeholder interests.
More about China Tianbao Group Development Company Limited
YTD Price Performance: -8.70%
Average Trading Volume: 384,844
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$170M
For a thorough assessment of 1427 stock, go to TipRanks’ Stock Analysis page.