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The latest announcement is out from Hongkong Chinese Limited ( (HK:0655) ).
Hongkong Chinese Limited, incorporated in Bermuda with limited liability, announced the release of a charge over shares previously held by its controlling shareholder, Hennessy Holdings Limited. This release pertains to a security agreement with China CITIC Bank International Limited for loan facilities provided to its parent company, Lippo Limited. As a result, none of the 1,477,715,492 shares held by Hennessy, representing 73.95% of the company’s issued shares, are subject to any charge, potentially enhancing the company’s financial flexibility and market positioning.
More about Hongkong Chinese Limited
YTD Price Performance: -6.67%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €64.74M
Find detailed analytics on 0655 stock on TipRanks’ Stock Analysis page.
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