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An update from MECOM Power & Construction Ltd. ( (HK:1183) ) is now available.
MECOM Power and Construction Limited has entered into a Facility Agreement with Tai Fung Bank Limited, providing financial facilities to its subsidiary EHY Construction and Engineering Company Limited and SHY. This agreement includes a revolving loan and bank overdraft facility, as well as a commitment for bank guarantees. A key condition is that Mr. Kuok and Mr. Sou must remain in key management roles, as their departure could trigger an event of default, allowing the bank to demand immediate repayment. The company will continue to disclose relevant information in its interim and annual reports as required by the Listing Rules.
More about MECOM Power & Construction Ltd.
MECOM Power and Construction Limited is a company incorporated in the Cayman Islands with limited liability. It operates in the construction and engineering sector, with its shares listed on the Main Board of the Stock Exchange in Hong Kong. The company has a market focus in Macau, where it operates through its subsidiary EHY Construction and Engineering Company Limited.
Average Trading Volume: 631,418
Technical Sentiment Signal: Sell
Current Market Cap: HK$445.8M
See more data about 1183 stock on TipRanks’ Stock Analysis page.