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The latest update is out from E-Commodities Holdings Limited ( (HK:1733) ).
E-Commodities Holdings Limited announced that its wholly-owned subsidiary, Hainan More Richway Supply Chain Management Co., Ltd., has secured a credit facility agreement with the Bank of China Limited Yangpu Branch for up to RMB1.6 billion. The company will provide a corporate guarantee of up to RMB600 million to support this agreement, which is expected to enhance cash flow and strengthen business operations. The terms of the agreement are considered fair and beneficial for the company and its shareholders, reflecting the favorable national financing environment.
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 supply chain management industry. It focuses on providing trade finance operations and related services through its subsidiaries.
Average Trading Volume: 3,482,502
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.22B
See more insights into 1733 stock on TipRanks’ Stock Analysis page.