tiprankstipranks
Livzon Pharmaceutical Backs Subsidiary with Billion-Yuan Guarantees
Company Announcements

Livzon Pharmaceutical Backs Subsidiary with Billion-Yuan Guarantees

Livzon Pharmaceutical Group (HK:1513) has released an update.

Don't Miss our Black Friday Offers:

Livzon Pharmaceutical Group has entered into a 2025 Continuing Guarantee Support Framework Agreement with Livzon MAB, agreeing to provide guarantees up to RMB 2.1 billion to support Livzon MAB’s credit facilities from 2025 to 2027. This arrangement is classified as a discloseable and continuing connected transaction under the Hong Kong Listing Rules and requires approval from independent shareholders. Additionally, an Extraordinary General Meeting (EGM) will be convened for shareholder approval, with Frontpage Capital appointed as the independent financial adviser.

For further insights into HK:1513 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskLivzon Pharmaceutical Reports Mixed Q3 2024 Financial Results
TipRanks HongKong Auto-Generated NewsdeskLivzon Pharmaceutical Proposes New Non-Executive Director
TipRanks HongKong Auto-Generated NewsdeskLivzon Pharmaceutical Group Plans Key Meeting for 2024
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App