Harbin Electric Renews Financial Services Framework with Controlling Shareholder

An announcement from Harbin Electric Co. Ltd. Class H ( (HK:1133) ) is now available.

Harbin Electric has renewed its financial services framework agreement with controlling shareholder Harbin Electric Corporation (HE), under which Harbin Electric’s finance subsidiary will continue to provide depository, loan and other financial services to HE’s unlisted group companies on substantially unchanged, market-based terms. The renewed arrangement, effective after the original agreement expires in December 2025, sets no cap on the maximum daily deposit balance from the unlisted HE Group, maintains a RMB500 million cap on the maximum daily loan balance and a RMB10 million annual cap for fees and commissions on other financial services; the structure keeps most services exempt from shareholder approval under Hong Kong Listing Rules, with only the loan component subject to ongoing reporting, announcement and annual review requirements, thereby formalising intra-group financing while limiting additional compliance burdens for minority shareholders.

The most recent analyst rating on (HK:1133) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Harbin Electric Co. Ltd. Class H stock, see the HK:1133 Stock Forecast page.

More about Harbin Electric Co. Ltd. Class H

Harbin Electric Co. Ltd. is a PRC-incorporated joint stock company listed in Hong Kong that operates through, among other entities, an in-house finance company providing depository, loan and other financial services to group companies and related parties, supporting the funding, liquidity and treasury needs of its wider corporate group.

Average Trading Volume: 7,167,505

Technical Sentiment Signal: Buy

Current Market Cap: HK$38.17B

For detailed information about 1133 stock, go to TipRanks’ Stock Analysis page.