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Tat Hong Equipment Service Co. Ltd. ( (HK:2153) ) has provided an announcement.
Tat Hong Equipment Service Co., Ltd. has launched the eighth tranche of commercial papers in the form of Singapore dollar-denominated digital securities under its SDAX multicurrency commercial paper facility, offering a 4.30% annual interest rate and a tenor of approximately three months. The issuance, targeted at accredited and institutional investors, is expected to raise between SGD25 million and SGD30 million, with proceeds earmarked as working capital for the group’s core businesses, underscoring the company’s continued use of digital capital-market instruments to fund operations and potentially enhance its financial flexibility and market positioning in innovative financing channels.
The most recent analyst rating on (HK:2153) stock is a Hold with a HK$0.92 price target. To see the full list of analyst forecasts on Tat Hong Equipment Service Co. Ltd. stock, see the HK:2153 Stock Forecast page.
More about Tat Hong Equipment Service Co. Ltd.
Tat Hong Equipment Service Co., Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through a group structure and is engaged in equipment services, focusing on its principal operating businesses that require ongoing working capital funding. The company taps capital markets, including digital securities platforms, to support its operations and growth needs.
Average Trading Volume: 149,245
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.12B
For a thorough assessment of 2153 stock, go to TipRanks’ Stock Analysis page.