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The latest update is out from Hi Sun Technology (China) Limited ( (HK:0818) ).
Hi Sun Technology (China) Limited announced the issuance of asset-backed securities (ABS) under the Suixin Cloud Chain-Xingyao No.2 Credit Supply Chain Financial Asset-backed Special Scheme, with a total issue size of RMB217,000,000. 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, aimed at improving its financing structure and promoting operational activities. The company asserts that the issuance will not adversely impact its 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: 2,997,351
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.42B
For detailed information about 0818 stock, go to TipRanks’ Stock Analysis page.