tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MECOM Power and Construction Secures New Financial Facility with Tai Fung Bank

Story Highlights
MECOM Power and Construction Secures New Financial Facility with Tai Fung Bank

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

MECOM Power & Construction Ltd. ( (HK:1183) ) just unveiled an announcement.

MECOM Power and Construction Limited announced a new Facility Letter agreement with Tai Fung Bank, providing financial facilities to its subsidiary Ao Gang Construction. The agreement includes provisions that could trigger an event of default if key management changes occur, potentially impacting the company’s financial commitments. The company will continue to disclose relevant information in its 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, listed on the Main Board of the Stock Exchange. It operates in the construction industry, focusing on power and construction services, and has a market presence in Macau through its subsidiary Ao Gang Construction.

Average Trading Volume: 1,792,300

Technical Sentiment Signal: Sell

Current Market Cap: HK$621M

For a thorough assessment of 1183 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

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
1