IPE Group Limited (HK:0929) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
IPE Group Limited has announced that its subsidiary, Wuhu Inno Hydraulic Technology Co., Ltd., has secured a working capital loan facility of up to RMB 20 million from Nanyang Commercial Bank (China) Limited Guangzhou Branch. The loan is intended to cover daily operational costs such as goods purchases, utility payments, and salaries, with interest to be paid quarterly and full repayment one year after the initial drawdown.
For further insights into HK:0929 stock, check out TipRanks’ Stock Analysis page.