GR Life Style Company Engages in Major Financial Transactions

An announcement from GR Properties Limited ( (HK:0108) ) is now available.

GR Life Style Company Limited announced that its subsidiary, Kaipeng Technology, has entered into a Guarantee and Mortgage Agreement with Shengjing Bank to facilitate a connected borrower in obtaining financial assistance. This transaction, involving a guarantee fee, is considered a major and connected transaction under Hong Kong’s Listing Rules, requiring shareholder approval. The transaction highlights the company’s strategic financial maneuvers and its implications for stakeholders, particularly given the involvement of entities related to its substantial shareholders.

More about GR Properties Limited

GR Life Style Company Limited, incorporated in Hong Kong, operates in the financial services industry, focusing on providing financial assistance and related services. The company is involved in major and connected transactions, particularly with entities related to its substantial shareholders.

YTD Price Performance: -24.05%

Average Trading Volume: 1,219,316

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.87B

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