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An update from GR Properties Limited ( (HK:0108) ) is now available.
GR Properties Limited, through its subsidiary Beijing Wangangtong, has entered into a Guarantee Agreement and a Mortgage Agreement with Dalian Bank to provide financial assistance to a connected borrower. This involves Beijing Wangangtong bearing joint liability for the borrower’s repayment obligations and mortgaging properties to secure a loan of RMB130 million. The agreements are considered connected transactions under Hong Kong’s Listing Rules, requiring reporting and announcement due to the applicable percentage ratios. This strategic move aims to facilitate the borrower’s loan acquisition while generating a guarantee fee for Beijing Wangangtong.
The most recent analyst rating on (HK:0108) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on GR Properties Limited stock, see the HK:0108 Stock Forecast page.
More about GR Properties Limited
Average Trading Volume: 2,173,024
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.44B
Learn more about 0108 stock on TipRanks’ Stock Analysis page.