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The latest update is out from Guotai Junan International Holdings Limited ( (HK:1788) ).
Guotai Junan International Holdings Limited has entered into committed facility agreements with several banks in Hong Kong, securing revolving credit facilities totaling up to HK$1.95 billion. These agreements stipulate that a change in the controlling shareholder, Guotai Haitong Securities Co., Ltd., could trigger an event of default, allowing lenders to demand immediate repayment. This financial arrangement underscores the company’s reliance on its controlling shareholder’s stability and highlights potential risks for stakeholders should any changes occur in the ownership structure.
The most recent analyst rating on (HK:1788) stock is a Hold with a HK$3.00 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 company incorporated in Hong Kong, operating in the financial services industry. It is primarily involved in providing a range of financial products and services, with a focus on securities brokerage, corporate finance, asset management, and wealth management. The company is a subsidiary of Guotai Haitong Securities Co., Ltd., which holds a significant controlling interest.
Average Trading Volume: 121,676,178
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.92B
See more data about 1788 stock on TipRanks’ Stock Analysis page.