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Chinney Investments, Limited ( (HK:0216) ) has provided an announcement.
Chinney Investments, Limited has renewed a HK$250 million loan from its connected affiliate Chinney Kin Wing Holdings, extending the maturity by 12 months to 7 October 2027, with an option for a further 12‑month extension to 2028 at an unchanged 6% annual interest rate, payable quarterly. The unsecured loan, provided on normal commercial terms, constitutes a connected transaction under Hong Kong listing rules but is fully exempt from shareholders’ approval at Chinney Investments; however, completion of the renewal remains subject to independent shareholders’ approvals at Chinney Alliance Group and Chinney Kin Wing, leaving some execution risk for investors to monitor.
More about Chinney Investments, Limited
Chinney Investments, Limited is a Hong Kong-incorporated investment holding company with interests spanning property-related and construction-linked businesses through various listed affiliates. The group operates primarily in Hong Kong and the region, leveraging cross-shareholdings and intra-group financing within the Chinney corporate network to support its capital needs and strategic development.
Average Trading Volume: 111,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$347.4M
For an in-depth examination of 0216 stock, go to TipRanks’ Overview page.