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Hong Kong Shanghai Alliance Holdings ( (HK:1001) ) has shared an announcement.
Hong Kong Shanghai Alliance Holdings Limited announced a discloseable transaction involving the provision of a loan amounting to RMB18,000,000 to a borrower for a six-month term at an interest rate of 10% per annum. This transaction, which exceeds 5% of the applicable percentage ratio but is less than 25%, is subject to reporting and announcement requirements under the Listing Rules, though it is exempt from shareholder approval. The loan is intended for general working capital purposes and will be funded by the company’s internal resources.
More about Hong Kong Shanghai Alliance Holdings
Hong Kong Shanghai Alliance Holdings Limited is a company incorporated in Bermuda with limited liability. It operates in the financial services sector, providing financial assistance and other related services.
Average Trading Volume: 128,515
Technical Sentiment Signal: Buy
Current Market Cap: HK$238.6M
See more insights into 1001 stock on TipRanks’ Stock Analysis page.