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Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) just unveiled an announcement.
Qilu Expressway Co., Ltd. has agreed to provide a one-year loan of up to RMB50 million to its non-wholly owned subsidiary Qilu Energy Technology to support the latter’s production and operational activities, with interest based on the one-year LPR and a lump-sum repayment of principal and interest at maturity. The financing, backed by a joint and several guarantee from Zhengchen Technology, constitutes a connected transaction under Hong Kong listing rules, triggering reporting and announcement requirements but exempt from independent shareholder approval, and includes strict default interest and penalty terms aimed at safeguarding the parent company’s financial interests while supporting the growth of its energy-related subsidiary within the group structure.
The most recent analyst rating on (HK:1576) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Qilu Expressway Co., Ltd. Class H stock, see the HK:1576 Stock Forecast page.
More about Qilu Expressway Co., Ltd. Class H
Qilu Expressway Co., Ltd. is a PRC-incorporated joint stock company listed in Hong Kong, primarily engaged in expressway investment, construction, operation and related transportation infrastructure services, with its business positioned within the broader Shandong Hi-Speed Group ecosystem.
Average Trading Volume: 67,241
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.62B
For a thorough assessment of 1576 stock, go to TipRanks’ Stock Analysis page.