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An announcement from Huscoke Holdings Limited ( (HK:0704) ) is now available.
Huscoke Holdings Limited has reached a settlement arrangement with creditor China Cinda (HK) Asset Management, under which Cinda HK agreed to extend a previously unsecured HK$200 million facility for two years, with repayment in instalments at a reduced interest rate of 5%–8% per annum. To secure the extension and resolve a winding-up petition pending before the Hong Kong High Court, Huscoke has agreed to provide new collateral, including pledges over its subsidiaries’ equity interests in Shanxi-based energy companies and a judgment receivable, converting the facility into a secured loan and potentially stabilising the group’s liquidity and capital structure while mitigating immediate insolvency pressure.
More about Huscoke Holdings Limited
Huscoke Holdings Limited is a Hong Kong-listed company with operating subsidiaries in mainland China, including Shanxi Huscoke International Energy Co., Ltd. and related entities engaged in energy-related businesses. Its structure involves multiple wholly owned subsidiaries that hold equity interests in PRC energy companies and judgment receivables, which can be used as collateral in financing arrangements.
Average Trading Volume: 4,829,269
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$72.62M
See more data about 0704 stock on TipRanks’ Stock Analysis page.