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An announcement from CR Construction Group Holdings Limited ( (HK:1582) ) is now available.
CR Construction Group Holdings Limited announced that it has secured a HK$200,000,000 facility from a bank to support its general corporate funding needs. The facility requires Zhejiang Construction Investment Group Co., Ltd to maintain a controlling interest in the company, with specific ownership thresholds set for Zhejiang SASAC. Any breach of these conditions could lead to the facility’s termination, impacting the company’s financial arrangements.
More about CR Construction Group Holdings Limited
CR Construction Group Holdings Limited, incorporated in the Cayman Islands, operates in the construction industry. The company, along with its subsidiaries, focuses on providing construction services and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -7.45%
Average Trading Volume: 105,571
Technical Sentiment Signal: Buy
Current Market Cap: HK$217.5M
For detailed information about 1582 stock, go to TipRanks’ Stock Analysis page.