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Hengtai Securities Co., Ltd. Class H ( (HK:1476) ) has shared an announcement.
Hengtai Securities Co., Ltd. has announced plans to borrow subordinated debt totaling up to RMB1 billion from related parties, Huarong Zonghe Investment and Huali Jiahe Industrial. This move, which involves significant related party transactions, aims to strengthen the company’s financial position. The borrowing is exempt from certain regulatory requirements due to its commercial terms and lack of asset security, indicating a strategic financial maneuver to enhance operational capabilities.
More about Hengtai Securities Co., Ltd. Class H
Hengtai Securities Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. The company is engaged in securities trading and investment services, with a focus on the Hong Kong market.
YTD Price Performance: -9.31%
Average Trading Volume: 516,766
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.82B
For an in-depth examination of 1476 stock, go to TipRanks’ Stock Analysis page.