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Sanli Environmental Ltd. ( (SG:1E3) ) has shared an update.
Sanli Environmental Ltd. has announced the launch of their first offering of unsecured commercial paper, valued at up to S$3.8 million, through the ADDX digital securities platform. This initiative is part of a debt issuance program aimed at supporting the company’s capital investment in renewable energy in Thailand and other working capital needs. The Series 001 Commercial Paper will offer an interest rate of 5.45% per annum and is expected to mature in February 2025. The move, which has received conditional approval for listing on the ADDX Exchange, marks a strategic step for Sanli Environmental in expanding its financial base and enhancing its market presence in the renewable energy sector.
More about Sanli Environmental Ltd.
Sanli Environmental Ltd. operates in the environmental sector, focusing on renewable energy projects and related services.
YTD Price Performance: -5.00%
Average Trading Volume: 68,869
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: S$25.31M
For a thorough assessment of 1E3 stock, go to TipRanks’ Stock Analysis page.