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E-Commodities Holdings Limited ( (HK:1733) ) just unveiled an update.
E-Commodities Holdings Limited, incorporated in the British Virgin Islands, announced a discloseable and connected transaction involving a counter-guarantee related to banking facilities. On April 8, 2025, Xianghui Energy, partially owned by E-Commodities, secured banking facilities of up to RMB200 million from a designated bank. Xiangyu Joint Stock, which holds a majority stake in Xianghui Energy, provided a corporate guarantee to the bank. Subsequently, E-Commodities entered a counter-guarantee contract with Xiangyu Joint Stock for RMB107.8 million, reflecting its 49% interest in Xianghui Energy. This transaction is subject to reporting and announcement requirements under Hong Kong’s Listing Rules, but it is exempt from certain approval processes due to its classification as a connected transaction.
More about E-Commodities Holdings Limited
YTD Price Performance: -38.46%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €239.5M
Learn more about 1733 stock on TipRanks’ Stock Analysis page.