Eva Precision Industrial Holdings Limited (HK:0838) has released an update.
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EVA Precision Industrial Holdings Limited has secured a HKD 400 million loan from HSBC, contingent on specific performance obligations by its controlling shareholders. These conditions require the shareholders to maintain at least 35% of the company’s share capital and for Zhang Hwo Jie to remain as chairman. A breach of these terms could lead to a default, making the loan immediately payable.
For further insights into HK:0838 stock, check out TipRanks’ Stock Analysis page.