IPE Group Limited (HK:0929) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue