i-CABLE Secures Renewed HK$295 Million Loan Facility with Shareholder Conditions

An announcement from i-CABLE Communications ( (HK:1097) ) is now available.

i-CABLE Communications Limited has announced the renewal and amendment of its HK$295 million Revolving Loan Facility through its subsidiary HKCTV. This renewal includes specific performance obligations requiring Forever Top (Asia) Limited, the controlling shareholder, to maintain a significant ownership stake. The announcement underscores the company’s efforts to secure financial stability and maintain shareholder structure, impacting its operational flexibility and market positioning.

More about i-CABLE Communications

i-CABLE Communications Limited is a Hong Kong-based company primarily engaged in the provision of television and multimedia services. It operates through its wholly-owned subsidiary, HKCTV, and focuses on delivering a range of communication services to its customers.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $25.68M

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