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Shougang Concord Grand (Group) Limited ( (HK:0730) ) has provided an update.
Shougang Concord Grand (Group) Limited, through its subsidiary Capital Industrial Financial Services Group Limited, is involved in financial services, focusing on credit finance and finance leasing. The company has revised its 2024 Master Facilities Agreement with Shougang Group, increasing the credit finance facilities from RMB600 million to RMB1.8 billion due to higher than expected demand. This adjustment results in an increase in the aggregate annual caps for the facilities, highlighting the company’s strategic response to market demands and its ongoing relationship with its controlling shareholder, Shougang Group.
More about Shougang Concord Grand (Group) Limited
YTD Price Performance: 21.78%
Average Trading Volume: 649,375
Technical Sentiment Signal: Buy
Current Market Cap: HK$486.3M
Find detailed analytics on 0730 stock on TipRanks’ Stock Analysis page.