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An update from E-Commodities Holdings Limited ( (HK:1733) ) is now available.
E-Commodities Holdings Limited announced that its subsidiary, Hainan More Richway Supply Chain Management Co., Ltd., has entered into a trade financing facility agreement with Hainan Rural Commercial Bank Co., Ltd. The agreement provides a credit facility of up to RMB150 million for one year, enhancing the Group’s cash flow and operational financing resources. The company and its subsidiary have provided joint and several liability guarantees to ensure the agreement’s obligations are met. The Board believes the terms are fair and beneficial to the company and its shareholders.
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 industry. It focuses on supply chain management and trade financing, with subsidiaries like Hainan More Richway Supply Chain Management Co., Ltd. and Inner Mongolia Haotong Energy Co., Ltd.
Average Trading Volume: 5,475,721
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.46B
See more insights into 1733 stock on TipRanks’ Stock Analysis page.