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Cinda International Holdings Limited ( (HK:0111) ) has provided an announcement.
Cinda International Holdings Limited has confirmed acceptance of a facility letter from a licensed bank in Hong Kong for an uncommitted revolving loan facility of up to HK$100 million. This facility imposes specific performance obligations on the company’s controlling shareholder, including maintaining certain shareholding percentages. The facility’s terms allow the bank to demand immediate repayment or terminate the loan if these obligations are not met, highlighting the importance of maintaining shareholder structure for the company’s financial operations.
The most recent analyst rating on (HK:0111) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Cinda International Holdings Limited stock, see the HK:0111 Stock Forecast page.
More about Cinda International Holdings Limited
Cinda International Holdings Limited operates in the financial services industry, offering a range of investment and asset management services. The company is a subsidiary of China Cinda Asset Management Co., Ltd., and is primarily focused on securities and financial management services.
Average Trading Volume: 1,815,311
Technical Sentiment Signal: Buy
Current Market Cap: HK$378.3M
For detailed information about 0111 stock, go to TipRanks’ Stock Analysis page.