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Guotai Junan International Holdings Limited ( (HK:1788) ) has issued an update.
Guotai Junan International Holdings Limited announced the signing of committed facility agreements with banks in Hong Kong for revolving credit facilities totaling up to HK$1.3 billion. The agreements stipulate that Guotai Haitong Securities Co., Ltd. must remain the largest shareholder to avoid default, which could lead to the cancellation of commitments or the loans being declared immediately payable. This move is significant for the company’s financial strategy and stability, ensuring continued support from its controlling shareholder.
The most recent analyst rating on (HK:1788) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Guotai Junan International Holdings Limited stock, see the HK:1788 Stock Forecast page.
More about Guotai Junan International Holdings Limited
Guotai Junan International Holdings Limited is a financial services company incorporated in Hong Kong. It operates in the securities industry, providing a range of financial products and services. The company is primarily focused on the Hong Kong market and is controlled by Guotai Haitong Securities Co., Ltd., which holds a significant majority of its shares.
Average Trading Volume: 727,481,424
Technical Sentiment Signal: Buy
Current Market Cap: HK$54.96B
Find detailed analytics on 1788 stock on TipRanks’ Stock Analysis page.