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Dexin Services Group Ltd. ( (HK:2215) ) has issued an announcement.
Dexin Services Group Ltd. announced a strategic decision to enter into a Loan Agreement to better utilize its surplus cash reserves amid the volatile economic environment and uncertainties in the property development industry in the PRC. The agreement involves lending funds to Hangzhou Ruiyang, an independent third party and business partner, with the loan secured by charged assets appraised at approximately RMB630 million. This move is expected to generate additional interest income for Dexin while strengthening their business relationship with Hangzhou Ruiyang, potentially opening up further cooperative opportunities in commercial real estate projects.
More about Dexin Services Group Ltd.
Dexin Services Group Ltd. operates in the property development industry in the People’s Republic of China (PRC), focusing on business expansion and investment opportunities. The company engages in commercial real estate projects and maintains a strong cash position to support its operations and strategic initiatives.
YTD Price Performance: -28.57%
Average Trading Volume: 1,431,960
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$743.5M
Find detailed analytics on 2215 stock on TipRanks’ Stock Analysis page.