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Intron Technology Secures US$90 Million Syndicated Loan for Refinancing and Growth

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Intron Technology Secures US$90 Million Syndicated Loan for Refinancing and Growth

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An update from Intron Technology Holdings Ltd. ( (HK:1760) ) is now available.

Intron Technology Holdings Ltd. has entered into a facility agreement with a syndicate of banks for a syndicated loan of US$90 million, with an option to increase it to US$120 million. The loan will be used to refinance an existing loan due by March 2026 and to support the company’s general working capital needs. A condition of the agreement is that the company’s controlling shareholders must maintain at least 51% ownership, failing which the lenders can demand immediate repayment.

The most recent analyst rating on (HK:1760) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Intron Technology Holdings Ltd. stock, see the HK:1760 Stock Forecast page.

More about Intron Technology Holdings Ltd.

Intron Technology Holdings Ltd. is a company incorporated in the Cayman Islands, operating in the technology sector. The company, along with its subsidiaries, focuses on providing advanced technology solutions and services, with a significant market presence in China.

Average Trading Volume: 1,323,674

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.99B

For an in-depth examination of 1760 stock, go to TipRanks’ Overview page.

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