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The latest update is out from Future Bright Holdings ( (HK:0703) ).
Future Bright Holdings Limited announced that its subsidiary, Bright Gain Restaurant Company Limited, has entered into a bank guarantee facility agreement with Hang Seng Bank Limited, Macau Branch, for HK$20 million. The facility is contingent upon the controlling shareholder, Mr. Chan Chak Mo, maintaining at least a 37% equity interest in the company. A breach of this covenant could lead to the cancellation of the facility and immediate repayment of outstanding amounts, impacting the company’s financial obligations.
More about Future Bright Holdings
Future Bright Holdings Limited is a company incorporated in Bermuda with limited liability. It operates through its subsidiaries, including Bright Gain Restaurant Company Limited, focusing on the restaurant industry.
Average Trading Volume: 351,768
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$97.2M
For a thorough assessment of 0703 stock, go to TipRanks’ Stock Analysis page.