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Minsheng Education Group Co. Ltd. ( (HK:1569) ) has issued an update.
Minsheng Education Group has secured a new term loan facility of up to RMB300 million, or its equivalent in Hong Kong or US dollars, from Hang Seng Bank, with a final maturity of no later than three years from each drawdown. As part of the facility’s conditions, chairman and ultimate controlling shareholder Li Xuechun is required to remain the company’s controlling shareholder and maintain at least a 50% single beneficial interest in its share and voting capital, reinforcing continuity of control and triggering ongoing disclosure obligations in the company’s interim and annual reports under Hong Kong listing rules.
The most recent analyst rating on (HK:1569) stock is a Hold with a HK$0.20 price target. To see the full list of analyst forecasts on Minsheng Education Group Co. Ltd. stock, see the HK:1569 Stock Forecast page.
More about Minsheng Education Group Co. Ltd.
Minsheng Education Group Company Limited is a Hong Kong-listed private education operator focused on providing higher education services in China. The company is controlled by its chairman, Li Xuechun, who holds a substantial majority stake and exercises effective control over its share capital and voting rights.
Average Trading Volume: 497,322
Technical Sentiment Signal: Sell
Current Market Cap: HK$797.1M
Learn more about 1569 stock on TipRanks’ Stock Analysis page.