tiprankstipranks
Trending News
More News >

Glory Sun Financial’s Subsidiary Secures Funding for Major Shenzhen Project

Story Highlights
Glory Sun Financial’s Subsidiary Secures Funding for Major Shenzhen Project

Confident Investing Starts Here:

Glory Sun Financial Group Limited ( (HK:1282) ) has issued an update.

Glory Sun Financial Group Limited’s subsidiary, Shenzhen B&K New Energy Co., Limited, has secured significant banking facilities from the Bank of China to finance the construction of the Bangkai Science and Technology Industrial Park in Shenzhen. This development is expected to enhance the company’s cash flow and strengthen its market position, with the project being recognized as a major industrial initiative in Shenzhen. The completion of Phase III is anticipated by the end of 2026, potentially leading to increased operational cash flow once fully leased.

More about Glory Sun Financial Group Limited

Average Trading Volume: 1,323,913

Technical Sentiment Signal: Sell

Current Market Cap: HK$305.5M

See more data about 1282 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1