Pa Shun International Holdings Limited (HK:0574) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Pa Shun International Holdings Limited has been engaging in long-term cooperation with a pharmaceutical supplier in Wuhan, paying deposits since 2014 to secure exclusive distribution rights. Despite delays due to COVID-19, the company’s deposits with the supplier have increased, reaching approximately RMB 64.39 million by November 2023, representing significant portions of its total assets. These deposits are considered advances and do not constitute loans, aligning with the Hong Kong Stock Exchange’s listing rules.
For further insights into HK:0574 stock, check out TipRanks’ Stock Analysis page.