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An update from Halcyon Agri Corp. Ltd. ( (SG:5VJ) ) is now available.
Halcyon Agri has secured two working capital loan facilities totaling RMB1.5 billion from the Export-Import Bank of China and a US$40 million revolving credit facility from Rabobank to support its liquidity needs. The facilities are subject to stringent change-of-control covenants that require majority ownership and voting control of Halcyon Agri and key shareholders Hainan Rubber and Sinochem International to remain with specified Chinese state-owned entities; any breach could trigger immediate repayment of these loans and potentially affect about US$305 million of other group borrowings, although no such events have occurred to date.
The most recent analyst rating on (SG:5VJ) stock is a Sell with a S$0.50 price target. To see the full list of analyst forecasts on Halcyon Agri Corp. Ltd. stock, see the SG:5VJ Stock Forecast page.
More about Halcyon Agri Corp. Ltd.
Halcyon Agri Corporation Limited is a Singapore-incorporated rubber company operating through subsidiaries in the natural rubber industry. The Group is involved in procuring, processing and supplying natural rubber, serving global tyre and industrial rubber manufacturers, with a significant operational and financing footprint linked to Chinese state-owned enterprises.
Technical Sentiment Signal: Buy
Current Market Cap: S$654M
See more data about 5VJ stock on TipRanks’ Stock Analysis page.