Halcyon Agri Corp. Ltd. (SG:5VJ) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Halcyon Agri Corp. Ltd. has successfully obtained a $10 million short-term invoice financing facility from Deutsche Bank AG, Singapore Branch, with specific conditions tied to the ownership structure involving China Hainan Rubber Industry Group Co., Ltd. It’s crucial for the company to maintain at least a 51% ownership by China Hainan Rubber to avoid immediate repayment, and any failure to meet these terms could impact other loans totaling approximately $223.7 million. Shareholders are advised to trade cautiously and seek professional advice as necessary.
For further insights into SG:5VJ stock, check out TipRanks’ Stock Analysis page.