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Cinda International Holdings Limited ( (HK:0111) ) has issued an announcement.
Cinda International Holdings Limited has announced a revised uncommitted revolving loan facility agreement with a licensed bank in Hong Kong, amounting to up to US$40 million. This revised facility imposes specific performance obligations on the company’s controlling shareholders, with potential default conditions that could lead to immediate repayment demands by the bank. This move is significant as it reflects the company’s ongoing financial strategies and obligations, potentially impacting its operations and stakeholder relationships.
More about Cinda International Holdings Limited
Cinda International Holdings Limited operates within the financial services industry, primarily focusing on asset management and securities. The company is a subsidiary of China Cinda Asset Management Co., Ltd., and is partially owned by Cinda Securities Co., Ltd., which holds a significant shareholding interest.
YTD Price Performance: -13.33%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €20.48M
Learn more about 0111 stock on TipRanks’ Stock Analysis page.
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