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The latest update is out from Da Yu Financial Holdings Limited ( (HK:1073) ).
Da Yu Financial Holdings Limited announced a discloseable transaction involving its wholly-owned subsidiary’s purchase of US$1.0 million in notes at a discount, amounting to approximately HK$7.6 million. This transaction, aggregated with previous purchases, totals approximately HK$15.3 million and falls under the reporting requirements of the Hong Kong Listing Rules. The transaction was executed over the counter, and the company used its internal resources to finance the purchase. The notes, issued by Elect Global Investments Limited and guaranteed by Hysan Development Company Limited, have a current credit rating of Baa3 by Moody’s and feature a 7.2% coupon rate.
More about Da Yu Financial Holdings Limited
Da Yu Financial Holdings Limited operates in the financial services industry, primarily engaged in activities regulated by the Securities and Futures Commission of Hong Kong. The company offers services such as dealing in securities, advising on securities and corporate finance, asset management, and money lending.
Average Trading Volume: 260,893
Technical Sentiment Signal: Hold
Current Market Cap: HK$255.2M
For a thorough assessment of 1073 stock, go to TipRanks’ Stock Analysis page.