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Quanzhou Huixin Micro-credit Co., Ltd. Class H ( (HK:1577) ) just unveiled an update.
Quanzhou Huixin Micro-credit has issued a further clarification regarding previously announced discloseable transactions related to the provision of financial assistance. The company corrected a clerical error to specify that two earlier loans each have a term of 365 days from the respective loan agreement dates.
The lender detailed that its updated internal control policies now cover both new loans and renewals and have been circulated across all departments. It will also bolster compliance by arranging targeted Listing Rules training and implementing a more rigorous, multi-step review and size-test process involving its business, risk management teams, external advisers and the board before loan approval and disclosure.
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 mainland China-based microfinance company listed in Hong Kong that provides loan and other financial assistance services. Its business focuses on originating and renewing small-scale loans, operating under the regulatory framework of the Hong Kong Listing Rules while serving borrowers in the micro-credit segment.
Average Trading Volume: 275,882
Technical Sentiment Signal: Buy
Current Market Cap: HK$680M
For detailed information about 1577 stock, go to TipRanks’ Stock Analysis page.