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An update from Shenzhen Investment ( (HK:0604) ) is now available.
Shenzhen Investment Limited has entered into a HK$4 billion term loan facility agreement with several banks for a period of up to three years. The agreement includes conditions that could trigger an event of default if Shum Yip Holdings ceases to maintain a certain level of ownership and control over the company. This financial arrangement underscores the company’s strategic financial management and highlights its reliance on its major shareholder, Shum Yip Holdings, which is backed by the Shenzhen Municipal People’s Government.
More about Shenzhen Investment
Shenzhen Investment Limited is a company incorporated in Hong Kong, operating primarily in the investment sector. It is significantly owned by Shum Yip Holdings Company Limited, which is in turn wholly owned by the Shenzhen Municipal People’s Government of China.
YTD Price Performance: 6.36%
Average Trading Volume: 200
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.04B
For a thorough assessment of 0604 stock, go to TipRanks’ Stock Analysis page.
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