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An announcement from Leoch International Technology Limited ( (HK:0842) ) is now available.
Leoch International Technology Limited announced that two of its subsidiaries have entered into a loan facility agreement for a revolving loan of up to RMB428 million and a term loan of up to RMB172 million. The company has guaranteed these loans, and the total commitment may increase to RMB1 billion with new lenders. The agreement requires Dr. Dong Li, the controlling shareholder, to maintain at least 51% equity interest in the company, with any breach potentially leading to loan cancellation and immediate repayment obligations.
More about Leoch International Technology Limited
Leoch International Technology Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It is listed on the Hong Kong Stock Exchange and, along with its subsidiaries, provides various technological products and services.
Average Trading Volume: 6,066,551
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.45B
See more data about 0842 stock on TipRanks’ Stock Analysis page.