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The latest announcement is out from New Concepts Holdings Ltd ( (HK:2221) ).
New Concepts Holdings Ltd has announced a discloseable transaction involving the provision of financial assistance. The company has entered into a loan agreement with Shenzhen Dingxin, providing a loan of RMB19,000,000 for two years at an interest rate of 10% per annum. This transaction is significant as it exceeds 5% of the applicable percentage ratios under the Listing Rules, requiring notification and announcement. The loan is unsecured and funded by the company’s general working capital, reflecting its strategic financial management and potential impact on its operations.
The most recent analyst rating on (HK:2221) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on New Concepts Holdings Ltd stock, see the HK:2221 Stock Forecast page.
More about New Concepts Holdings Ltd
Average Trading Volume: 517,825
Technical Sentiment Signal: Buy
Current Market Cap: HK$239.9M
For a thorough assessment of 2221 stock, go to TipRanks’ Stock Analysis page.