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Southeast Asia Properties & Finance Limited ( (HK:0252) ) has provided an update.
Southeast Asia Properties & Finance Limited announced that its subsidiary, SAP Realty Company Limited, has secured a HK$285 million loan facility to refinance existing debt and fund construction costs for Hotel Benito in Hong Kong. The agreement requires Mr. Chua Nai Tuen, the company’s Chairman and controlling shareholder, to maintain his position as the largest shareholder, or the loan will be canceled and become immediately due. This move is significant for the company’s financial strategy and underscores the importance of Mr. Chua’s leadership in maintaining financial stability.
The most recent analyst rating on (HK:0252) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Southeast Asia Properties & Finance Limited stock, see the HK:0252 Stock Forecast page.
More about Southeast Asia Properties & Finance Limited
Southeast Asia Properties & Finance Limited is a Hong Kong-based company involved in real estate and finance, with subsidiaries like SAP Realty Company Limited, Hotel Benito Management Limited, and Nan Sing Plastics Limited. The company focuses on property development and management, as well as financial services, with a market presence in Hong Kong.
Technical Sentiment Signal: Sell
Current Market Cap: HK$362.9M
For an in-depth examination of 0252 stock, go to TipRanks’ Overview page.