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An announcement from Quanzhou Huixin Micro-credit Co., Ltd. Class H ( (HK:1577) ) is now available.
Quanzhou Huixin Micro-credit Co., Ltd. announced a discloseable transaction involving the provision of financial assistance through a loan agreement with a customer. The loan, amounting to RMB25.6 million with an interest rate of 15.6% per annum, is secured by a share charge and is funded by the company’s internal resources. The transaction was subject to reporting requirements due to the aggregated percentage ratios exceeding 5% but remaining below 25%, highlighting the company’s commitment to regulatory compliance despite a previous misunderstanding of transaction definitions under listing rules.
The most recent analyst rating on (HK:1577) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Quanzhou Huixin Micro-credit Co., Ltd. Class H stock, see the HK:1577 Stock Forecast page.
More about Quanzhou Huixin Micro-credit Co., Ltd. Class H
Quanzhou Huixin Micro-credit Co., Ltd. is a financial services company based in the People’s Republic of China, specializing in providing micro-credit loans. The company focuses on offering financial assistance to individuals and businesses, operating within the microfinance industry.
Average Trading Volume: 1,604,588
Technical Sentiment Signal: Buy
Current Market Cap: HK$680M
For detailed information about 1577 stock, go to TipRanks’ Stock Analysis page.