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E-Commodities Holdings Limited ( (HK:1733) ) just unveiled an update.
E-Commodities Holdings Limited has entered into three counter-guarantee contracts with Xiangyu Joint Stock, committing to provide financial guarantees proportional to its 49% equity interest in Xianghui Energy. These contracts, which total up to RMB167.09 million, are intended to support banking facilities and involve the termination of a previous agreement. The transactions are classified as discloseable and connected under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from certain approval requirements.
The most recent analyst rating on (HK:1733) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on E-Commodities Holdings Limited stock, see the HK:1733 Stock Forecast page.
More about E-Commodities Holdings Limited
E-Commodities Holdings Limited is a company incorporated in the British Virgin Islands, operating in the commodities sector. The company is involved in transactions related to energy and environmental technology, with a focus on providing financial guarantees in collaboration with Xiangyu Joint Stock.
YTD Price Performance: -30.21%
Average Trading Volume: 5,063,061
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.27B
For detailed information about 1733 stock, go to TipRanks’ Stock Analysis page.