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Joy City Property Limited ( (HK:0207) ) has issued an update.
Joy City Property Limited has confirmed a renewed offer for an uncommitted revolving loan facility of up to US$54 million from a bank, intended to refinance existing debt and support general working capital. This facility is contingent upon COFCO Corporation maintaining its status as the single largest shareholder, as any change in control would trigger an event of default, making the loan immediately due.
More about Joy City Property Limited
Joy City Property Limited is a company incorporated in Bermuda with limited liability, primarily involved in the real estate industry. It operates under the control of COFCO Corporation, its ultimate controlling shareholder.
Average Trading Volume: 8,271,919
Technical Sentiment Signal: Hold
Current Market Cap: HK$3.17B
Learn more about 0207 stock on TipRanks’ Stock Analysis page.