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Hi Sun Technology (China) Limited ( (HK:0818) ) has issued an update.
Hi Sun Technology (China) Limited has announced the issuance of Phase 2 of its asset-backed securities (ABS) scheme, with a total issue size of RMB151,000,000. The ABS are divided into priority and subordinated tranches, with the priority tranche being traded on the Shanghai Stock Exchange. The proceeds from this issuance will be used as general working capital for the company’s fintech services segment, aiming to enhance the company’s financing structure and operational activities. The board believes this move will not adversely affect the company’s financial standing or shareholder interests.
The most recent analyst rating on (HK:0818) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hi Sun Technology (China) Limited stock, see the HK:0818 Stock Forecast page.
More about Hi Sun Technology (China) Limited
Hi Sun Technology (China) Limited is an investment holding company incorporated in Bermuda, primarily engaged in providing payment and digital services, fintech services, platform operation solutions, and financial solutions.
Average Trading Volume: 3,646,819
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.39B
For a thorough assessment of 0818 stock, go to TipRanks’ Stock Analysis page.