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J&T Global Express Limited ( (HK:1519) ) has issued an update.
J&T Global Express Limited has entered into new loan facility agreements under which its subsidiary Winner Star will have access to up to RMB3.5 billion in term loan financing, split between a 12‑month RMB2 billion facility and a 36‑month RMB1.5 billion facility, to support the group’s working capital needs. The facilities are backed by a guarantee from the listed parent and are subject to a change‑of‑control covenant tied to controlling shareholder Mr. Li, under which lenders can cancel undrawn commitments and demand immediate repayment if he ceases to hold the single largest voting stake or loses effective control over the company’s key policies, underscoring both the group’s reliance on bank funding and the centrality of its founder’s control to its capital structure and financing terms.
The most recent analyst rating on (HK:1519) stock is a Buy with a HK$13.40 price target. To see the full list of analyst forecasts on J&T Global Express Limited stock, see the HK:1519 Stock Forecast page.
More about J&T Global Express Limited
J&T Global Express Limited is a logistics company incorporated in the Cayman Islands and listed on the main board of the Hong Kong Stock Exchange. The group operates in the express delivery and related logistics services industry, with a focus on the China and broader Asian markets, and is controlled through a weighted voting rights structure that grants enhanced voting power to its Class A shares.
Average Trading Volume: 21,472,280
Technical Sentiment Signal: Buy
Current Market Cap: HK$95.16B
For detailed information about 1519 stock, go to TipRanks’ Stock Analysis page.