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Pak Tak International Faces Final Judgment on Loan Dispute

Story Highlights
  • Pak Tak International’s appeal on loan agreements was dismissed by the Guangdong Higher People’s Court.
  • The company is liable for RMB279 million and is negotiating with the bank for a settlement.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pak Tak International Faces Final Judgment on Loan Dispute

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The latest update is out from Pak Tak International Limited ( (HK:2668) ).

Pak Tak International Limited has received a final judgment from the Guangdong Higher People’s Court regarding an appeal on loan agreements with the Shenzhen Branch of Hua Xia Bank. The court dismissed the appeal, ordering Shenzhen Jinsheng, a subsidiary of Pak Tak, to repay RMB279 million in principal and additional interest, with the company and its subsidiaries held jointly liable. The company is seeking legal advice and negotiating with the bank for a settlement.

The most recent analyst rating on (HK:2668) stock is a Sell with a HK$0.14 price target. To see the full list of analyst forecasts on Pak Tak International Limited stock, see the HK:2668 Stock Forecast page.

More about Pak Tak International Limited

Average Trading Volume: 4,035,000

Technical Sentiment Signal: Sell

Current Market Cap: HK$748.8M

For detailed information about 2668 stock, go to TipRanks’ Stock Analysis page.

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