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E-Commodities Holdings Limited ( (HK:1733) ) just unveiled an announcement.
E-Commodities Holdings Limited announced that its wholly-owned subsidiary, Hainan More Richway Supply Chain Management Co., Ltd., has entered into a banking facility agreement with the Export-Import Bank of China Hainan Branch. The agreement provides a credit facility of up to RMB100 million, supported by a corporate guarantee from the parent company for up to RMB120 million. This move is expected to strengthen the subsidiary’s cash flow and is considered beneficial due to favorable national financing policies and increased support from financial institutions.
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. The company focuses on providing commodities and related services, with a market focus on enhancing operational efficiencies and financial stability.
Average Trading Volume: 2,094,228
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.46B
For detailed information about 1733 stock, go to TipRanks’ Stock Analysis page.