Chinney Alliance Group Limited (HK:0385) has released an update.
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Chinney Alliance Group Limited and its subsidiary, Chinney KW, have entered into a significant financial transaction by providing a HK$250 million loan to Chinney Investments at an interest rate of 6.0% per annum. The deal is deemed a connected and major transaction under the Listing Rules, requiring independent financial advice and approval from independent shareholders due to the substantial ownership stakes held by Dr. James Sai-Wing Wong in all entities involved.
For further insights into HK:0385 stock, check out TipRanks’ Stock Analysis page.
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