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The latest update is out from CR Construction Group Holdings Limited ( (HK:1582) ).
CR Construction Group Holdings Limited announced the securing of a revolving term loan facility of up to HKD200,000,000 to support its working capital and refinance existing debts. The agreement includes specific performance obligations, requiring Zhejiang Construction Investment Group Co., Ltd to maintain its position as the largest shareholder or retain management control, ensuring stability in the company’s shareholder structure.
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 is a company incorporated in the Cayman Islands, primarily engaged in the construction industry. The company focuses on providing construction services and is listed on the Stock Exchange of Hong Kong.
Average Trading Volume: 516,634
Technical Sentiment Signal: Sell
Current Market Cap: HK$165M
Learn more about 1582 stock on TipRanks’ Stock Analysis page.