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Huasheng International Holding Limited ( (HK:1323) ) has shared an update.
Huasheng International Holding Limited has announced a supplemental update regarding its decision to subscribe to convertible bonds of a target company. The subscription involves an amount of HK$40 million, which will be used by the target company to procure new inventory and manage its payment obligations. The bonds are secured by a floating charge over the target company’s assets, valued at approximately HK$59 million, and a personal guarantee involving properties valued at over HK$40 million. An 8% interest rate has been deemed fair, considering the target company’s profitability and collateral value.
More about Huasheng International Holding Limited
YTD Price Performance: -13.04%
Average Trading Volume: 1,786,929
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$151.1M
Learn more about 1323 stock on TipRanks’ Stock Analysis page.