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An announcement from Qilu Expressway Co., Ltd. Class H ( (HK:1576) ) is now available.
Qilu Expressway Co., Ltd. has announced a voluntary update regarding the provision of a joint and several liability guarantee for bank credit of its subsidiary, Shandong Shunguang Industrial, by China Merchants Bank. This guarantee, with a maximum amount of RMB50 million, is intended to cover various financial obligations and is valid for two years. The transaction is considered a financial assistance to the subsidiary and does not constitute a notifiable or connected transaction under the Listing Rules. Shareholders and potential investors are advised to exercise caution as the financial information provided has not been audited.
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 joint stock company incorporated in the People’s Republic of China, primarily engaged in the operation and management of expressways. The company is listed on the Main Board of the Stock Exchange of Hong Kong and is involved in the sales and trading of construction materials through its wholly-owned subsidiary, Shandong Shunguang Industrial.
Average Trading Volume: 71,567
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.64B
For a thorough assessment of 1576 stock, go to TipRanks’ Stock Analysis page.