CNQC International Holdings Limited (HK:1240) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
CNQC International Holdings Limited has announced a major transaction involving the provision of financial assistance and a Deed of Indemnity related to a Facility Agreement with a wholly-owned subsidiary of the JV Company. As a result, the company has entered into guarantee arrangements, securing the obligations of the borrower proportionate to their shareholding interests. This transaction requires shareholder approval, which has been obtained from a significant group of shareholders, negating the need for a general meeting.
For further insights into HK:1240 stock, check out TipRanks’ Stock Analysis page.