Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Success Universe Group Limited ( (HK:0487) ).
Success Universe Group Limited, a company incorporated in Bermuda, has announced a major transaction involving financial assistance to Pier 16 – Property Development Limited. The company is extending its financial support through an amended and restated facility agreement, which includes security documents to secure Pier 16’s obligations. The estimated total exposure under this financial assistance is approximately HK$497 million, which is within the limits previously approved by shareholders. This move is part of the company’s ongoing commitment to support the development of Ponte 16, with the revised facilities amounting to HK$160 million and MOP273 million.
More about Success Universe Group Limited
Average Trading Volume: 4,525,995
Technical Sentiment Signal: Buy
Current Market Cap: HK$640.4M
Find detailed analytics on 0487 stock on TipRanks’ Stock Analysis page.