Shanghai Industrial Urban Development Group Ltd (HK:0563) has released an update.
Shanghai Industrial Urban Development Group Ltd has secured a 12-month loan agreement for RMB 300 million to repay existing bank borrowings, maintaining the controlling shareholder’s unchanged position as a condition. The company anticipates that this new financial strategy will lower overall financial costs and improve debt structure, with a commitment to regular disclosure in future financial reports.
For further insights into HK:0563 stock, check out TipRanks’ Stock Analysis page.