CR Construction Secures HK$30 Million Facility for Debt Refinancing and Working Capital

CR Construction Group Holdings Limited ( (HK:1582) ) just unveiled an announcement.

CR Construction Group Holdings Limited announced that its wholly-owned subsidiary, CR Construction Company Limited, has secured a HK$30 million facility from a bank to refinance existing debts and support general working capital needs. The agreement requires Zhejiang Construction Investment Group Co., Ltd to maintain a significant beneficial interest and management control in the company, with Zhejiang SASAC as the largest shareholder. This financial arrangement emphasizes the company’s ongoing reliance on its major shareholders for strategic control and financial stability.

More about CR Construction Group Holdings Limited

CR Construction Group Holdings Limited operates in the construction industry, providing construction services primarily focused on building construction and civil engineering projects. The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange.

YTD Price Performance: -7.45%

Average Trading Volume: 102,986

Technical Sentiment Signal: Buy

Current Market Cap: HK$217.5M

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