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The latest announcement is out from CR Construction Group Holdings Limited ( (HK:1582) ).
CR Construction Group Holdings Limited announced that its wholly-owned subsidiary, CR Construction Company Limited, has secured a HKD100,000,000 facility from a bank to support the Group’s general corporate funding needs. The agreement includes specific performance obligations, ensuring Zhejiang Construction Investment Group Co., Ltd remains a major shareholder, indirectly holding a significant portion of the company’s shares. This financial move is expected to bolster the company’s operational capabilities and maintain its market position.
The most recent analyst rating on (HK:1582) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on CR Construction Group Holdings Limited stock, see the HK:1582 Stock Forecast page.
More about CR Construction Group Holdings Limited
CR Construction Group Holdings Limited, incorporated in the Cayman Islands, operates within the construction industry. The company, along with its subsidiaries, focuses on providing construction services and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 517,900
Technical Sentiment Signal: Sell
Current Market Cap: HK$160M
For a thorough assessment of 1582 stock, go to TipRanks’ Stock Analysis page.