E-Commodities Strengthens Financial Resources with New Bank Facilities

E-Commodities Holdings Limited ( (HK:1733) ) has provided an announcement.

E-Commodities Holdings Limited announced that its subsidiary, Hainan More Richway Supply Chain Management Co., Ltd., has secured banking facilities agreements with the Industrial and Commercial Bank of China Limited Haikou Guomao Sub-Branch. These agreements provide up to RMB210 million in various credit facilities, which will be used for trade financing and related purposes. The company has agreed to provide a corporate guarantee for these facilities, which aligns with the current favorable financing policies and enhances cash flow for its subsidiary. The board considers these agreements beneficial for the company’s operations and shareholder interests.

More about E-Commodities Holdings Limited

E-Commodities Holdings Limited is incorporated in the British Virgin Islands and operates in the commodity trading and supply chain management industry. The company focuses on providing supply chain management services and financial solutions to support its business operations.

YTD Price Performance: -7.69%

Average Trading Volume: 11,000

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €365.6M

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