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Guangdong Investment ( (HK:0270) ) has issued an update.
Guangdong Investment Limited has secured a committed term loan facility of HK$2.25 billion to finance its general corporate funding needs, excluding real estate, toll roads, and electric power plants. The loan, with a term of 364 days, requires GDH Limited to maintain at least 51% ownership of the company, ensuring continued control by the Guangdong Provincial Government. Failure to comply with these conditions could lead to the cancellation of the facility, impacting the company’s financial operations.
The most recent analyst rating on (HK:0270) stock is a Hold with a HK$8.00 price target. To see the full list of analyst forecasts on Guangdong Investment stock, see the HK:0270 Stock Forecast page.
More about Guangdong Investment
Guangdong Investment Limited is a company incorporated in Hong Kong, primarily engaged in providing general corporate funding solutions. It is majority-owned by GDH Limited, which is ultimately controlled by the Guangdong Provincial People’s Government of China.
Average Trading Volume: 11,891,275
Technical Sentiment Signal: Buy
Current Market Cap: HK$50.67B
Find detailed analytics on 0270 stock on TipRanks’ Stock Analysis page.