tiprankstipranks
Trending News
More News >

Cinda International Secures $13.5 Million Loan Facility with Performance Obligations

Story Highlights
Cinda International Secures $13.5 Million Loan Facility with Performance Obligations

Elevate Your Investing Strategy:

Cinda International Holdings Limited ( (HK:0111) ) just unveiled an announcement.

Cinda International Holdings Limited has entered into a Facility Agreement with a licensed bank in China for a revolving loan facility of up to US$13.5 million. This agreement imposes specific performance obligations on the company’s controlling shareholders, with potential consequences including the adjustment or termination of the loan facility if these obligations are not met.

More about Cinda International Holdings Limited

Cinda International Holdings Limited operates in the financial services industry, focusing on asset management and securities. It is a subsidiary of China Cinda Asset Management Co., Ltd., with a significant market presence in Hong Kong.

Average Trading Volume: 386,472

Technical Sentiment Signal: Buy

Current Market Cap: HK$211.6M

See more insights into 0111 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1