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Multifield International Holdings Limited ( (HK:0898) ) has provided an update.
Multifield International Holdings Limited has entered into a corporate guarantee agreement to cover 49% of the repayment obligations of a joint venture borrower for a loan of up to RM132,000,000, which will be used for land acquisition and development. This transaction is classified as discloseable under Hong Kong’s listing rules, indicating a significant financial commitment by the company, potentially impacting its financial resources and strategic positioning in the property development sector.
More about Multifield International Holdings Limited
Multifield International Holdings Limited is engaged in property development, property investment, provision of serviced apartments and villas, property management services, trading of securities, and investment holding. The company focuses on property development, which includes purchasing land and developing properties for lease or sale.
YTD Price Performance: -2.25%
Average Trading Volume: 24,400
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$727.4M
For an in-depth examination of 0898 stock, go to TipRanks’ Stock Analysis page.