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Excellence Commercial Property Faces Legal Ruling on Subsidiary Loan Dispute

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Excellence Commercial Property Faces Legal Ruling on Subsidiary Loan Dispute

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Excellence Commercial Property & Facilities Management Group Limited ( (HK:6989) ) has shared an update.

Excellence Commercial Property & Facilities Management Group Limited announced a civil judgment involving its non-wholly-owned subsidiary, Beijing Global, which was named as a defendant in a loan dispute. The court ruled that Beijing Global, along with other defendants, must assume joint and several liability for the loan, but the impact is limited to Beijing Global and does not affect the group’s other business units or assets.

The most recent analyst rating on (HK:6989) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Excellence Commercial Property & Facilities Management Group Limited stock, see the HK:6989 Stock Forecast page.

More about Excellence Commercial Property & Facilities Management Group Limited

Excellence Commercial Property & Facilities Management Group Limited operates in the property management industry, providing comprehensive property and facilities management services. The company focuses on managing commercial properties and related facilities, catering to a diverse range of clients.

Average Trading Volume: 488,111

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.85B

See more data about 6989 stock on TipRanks’ Stock Analysis page.

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