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The latest update is out from Joy City Property Limited ( (HK:0207) ).
Joy City Property Limited has entered into a facility agreement with a group of financial institutions for a term loan facility amounting to US$150 million. This agreement includes specific performance obligations for COFCO Corporation, the controlling shareholder, and outlines conditions that could trigger a default if COFCO ceases to maintain its management control or shareholder status. The loan is intended to refinance existing indebtedness, with an initial maturity of 12 months, extendable to 36 months.
The most recent analyst rating on (HK:0207) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Joy City Property Limited stock, see the HK:0207 Stock Forecast page.
More about Joy City Property Limited
Joy City Property Limited is a company incorporated in Bermuda with limited liability, primarily engaged in the real estate industry. It operates under the controlling interest of COFCO Corporation, focusing on property development and management.
Average Trading Volume: 48,965,253
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.25B
Find detailed analytics on 0207 stock on TipRanks’ Stock Analysis page.