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Quanzhou Huixin Micro-credit Co., Ltd. Class H ( (HK:1577) ) has provided an announcement.
Quanzhou Huixin Micro-credit Co., Ltd. has disclosed a series of loan transactions entered into between July 2022 and December 2023, involving multiple borrowers and its non-wholly owned subsidiary JJHX, with individual loan principals ranging from RMB10 million to RMB26.5 million and annual interest rates between 13.2% and 18%. The company reported that all of these loans, categorized as provision of financial assistance under Hong Kong listing rules, have been fully settled as of the date of the announcement, underscoring active deployment and recovery of credit capital and demonstrating continued demand for its higher-yield micro-credit services.
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 PRC-established microfinance company listed in Hong Kong that provides short- to medium-term loans, mainly through its subsidiaries, to a range of corporate and individual borrowers. The firm operates in the micro-credit and small-loan financing sector, focusing on higher-yield lending within its regional market.
Average Trading Volume: 2,463,272
Technical Sentiment Signal: Buy
Current Market Cap: HK$680M
See more insights into 1577 stock on TipRanks’ Stock Analysis page.