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KangLi International Holdings Limited ( (HK:6890) ) has shared an announcement.
KangLi International Holdings has renewed a RMB20 million loan arrangement whereby its subsidiary Jiangnan Precision will continue to provide financial assistance to connected party Jiangnan Tiehejin for a further three-year term, with Mr. Mei acting as guarantor. The transaction, triggered by its size and connected nature, falls under discloseable and connected transaction categories, requiring reporting, announcement and approval by independent shareholders under Hong Kong listing rules.
As part of the loan renewal, Jiangnan Precision and Jiangnan Tiehejin signed a 2026 option agreement granting Jiangnan Precision, at nil premium, an option to acquire a property at the final commercial pre-sale contract price, replacing a prior 2023 option arrangement. The board, including independent non-executive directors, has endorsed the property option as fair and in shareholders’ interests, and the company will issue a circular with further details and has appointed an independent financial adviser to support minority shareholders’ evaluation of the deals.
The most recent analyst rating on (HK:6890) stock is a Buy with a HK$0.47 price target. To see the full list of analyst forecasts on KangLi International Holdings Limited stock, see the HK:6890 Stock Forecast page.
More about KangLi International Holdings Limited
KangLi International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Jiangnan Precision, with activities that involve intra-group financing and property-related arrangements. Its controlling shareholder, Mr. Mei, is also an executive director, making certain counterparties connected persons under Hong Kong listing rules.
Average Trading Volume: 55,368
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$218.3M
For a thorough assessment of 6890 stock, go to TipRanks’ Stock Analysis page.