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Quanzhou Huixin Micro-credit Co., Ltd. Class H ( (HK:1577) ) has provided an announcement.
Quanzhou Huixin Micro-credit Co., Ltd., a company established in the People’s Republic of China, has entered into a Loan Agreement to provide financial assistance to a customer. The agreement involves a loan of RMB27.5 million at an interest rate of 15.6% per annum, with a term of 61 days. The loan is secured by a share charge of 10% interest in Fund A. The company will finance the loan using its internal resources. The transaction is considered discloseable under the Hong Kong Stock Exchange’s Listing Rules due to the aggregated percentage ratios exceeding 5% but being less than 25%. The company initially failed to disclose the transaction in a timely manner due to a misunderstanding of the 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
Average Trading Volume: 1,604,588
Technical Sentiment Signal: Buy
Current Market Cap: HK$680M
For a thorough assessment of 1577 stock, go to TipRanks’ Stock Analysis page.