CR Construction Secures HK$650 Million Facility to Bolster Operations

CR Construction Group Holdings Limited ( (HK:1582) ) has provided an update.

CR Construction Group Holdings Limited announced a new facility agreement worth up to HK$650 million with a syndicate of banks, intended to refinance existing debts and support general working capital needs. This agreement includes specific performance obligations that require Zhejiang Construction to maintain a majority stake and management control, with Zhejiang SASAC holding significant equity interests, ensuring stability in governance and financial backing.

More about CR Construction Group Holdings Limited

CR Construction Group Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the construction industry through its wholly-owned subsidiary, CR Construction Company Limited. The company focuses on construction projects and services, with a significant market position influenced by its major shareholder, Zhejiang Construction Investment Group Co., Ltd, and Zhejiang SASAC.

YTD Price Performance: -4.26%

Average Trading Volume: 70,775

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$225M

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