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SY Holdings Group Limited ( (HK:6069) ) has issued an update.
SY Holdings Group Limited has amended its financial assistance arrangements to continue supporting its affiliated company Ocean Holdings Factoring, extending guarantees and related support for the latter’s supply chain finance operations. Under the new agreement, SY Factoring will provide counter guarantees and joint and several guarantees in proportion to Qingdao Sunful’s 40% stake in Ocean Holdings Factoring, with the expiry date of the financial assistance pushed back from 31 December 2025 to 31 December 2027 and the maximum daily average balance adjusted to 3.2 times Ocean Holdings Factoring’s net assets during the new period. The move, which replaces an earlier amended agreement, reflects robust business growth and funding needs at Ocean Holdings Factoring and underscores SY Holdings’ strategic commitment to expanding its digital and supply chain finance ecosystem, while triggering discloseable transaction and general disclosure obligations under Hong Kong Listing Rules due to the size of the assistance.
The most recent analyst rating on (HK:6069) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on SY Holdings Group Limited stock, see the HK:6069 Stock Forecast page.
More about SY Holdings Group Limited
SY Holdings Group Limited is a financial services group listed in Hong Kong that operates through subsidiaries including SY Factoring and Qingdao Sunful, focusing on digital financial solutions and supply chain finance. Through its affiliated company Ocean Holdings Factoring, the group targets small and medium-sized enterprises by offering technology-enabled factoring and supply chain financing services aimed at improving supply chain efficiency and addressing SME financing challenges.
Average Trading Volume: 6,780,662
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.6B
Find detailed analytics on 6069 stock on TipRanks’ Stock Analysis page.