Guotai Junan International Holdings Limited (HK:1788) has released an update.
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Guotai Junan International Holdings Limited has secured committed revolving facilities worth up to HK$2.15 billion through agreements with several banks in Hong Kong, with repayment dates set for 12 months post-agreement. The company faces potential default if its controlling shareholder, Guotai Junan Securities Co., Ltd., loses its majority shareholding. Currently, Guotai Junan Securities holds approximately 73.85% of the company’s shares.
For further insights into HK:1788 stock, check out TipRanks’ Stock Analysis page.