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An announcement from SY Holdings Group Limited ( (HK:6069) ) is now available.
SY Holdings Group Limited has amended its financial assistance arrangement with affiliated company Xiangsheng Factoring, a joint venture established in 2022 to provide diversified digital financial solutions to ecosystem participants of core enterprises, including Xiangyu Group. Under the revised terms, SY Group will continue to provide counter guarantees and joint-and-several guarantees, in proportion to its 43% stake in Xiangsheng Factoring, in support of guarantees and shareholder loans extended by Xiangyu Group, with the maturity of this financial support extended three years to 11 January 2029 and the maximum aggregate amount adjusted to approximately RMB1.91 billion, or 3.44 times Xiangsheng Factoring’s net assets. The transaction, triggered by robust business growth and funding needs at Xiangsheng Factoring, is classified as a discloseable transaction and subject to reporting and general disclosure requirements under Hong Kong’s Listing Rules, underscoring SY Holdings’ continued strategic commitment to expanding its supply chain finance operations while managing its capital exposure to affiliated entities.
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 operates in the financial services sector, focusing on digital financial solutions and supply chain finance. Through its subsidiaries, including TJXS, the group partners with industrial players such as Xiangyu Group to provide financing and factoring services aimed at improving supply chain efficiency and addressing the funding needs of small and medium-sized enterprises in China.
Average Trading Volume: 7,113,594
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.95B
For an in-depth examination of 6069 stock, go to TipRanks’ Overview page.