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Future Bright Holdings ( (HK:0703) ) has shared an update.
Future Bright Holdings Limited announced that its subsidiaries have secured new loan facilities totaling HK$99.495 million from Hang Seng Bank Limited, Macau Branch. These facilities are intended to refinance existing loans and are subject to specific performance covenants related to the company’s controlling shareholder. A breach of these covenants could lead to immediate repayment demands and cancellation of facilities, highlighting the importance of maintaining the shareholder’s current stake.
More about Future Bright Holdings
Future Bright Holdings Limited operates in the financial services industry, focusing on managing and refinancing loans through its subsidiaries. The company is incorporated in Bermuda and has subsidiaries in Macau and Hong Kong, which are involved in securing financial facilities for operational and refinancing purposes.
Average Trading Volume: 231,422
Technical Sentiment Signal: Hold
Current Market Cap: HK$113.9M
See more data about 0703 stock on TipRanks’ Stock Analysis page.