Tian An Reveals Impairment, Considers Loan Recovery Options

Tian An China Investments Co (HK:0028) has released an update.

Tian An China Investments Co has disclosed a supplemental update to their 2023 Annual Report, revealing an impairment on loans and interest receivables amounting to HK$270.4 million. The company provided details on their strategy for allocating financial resources, including the issuance of short-term loans aimed at maximizing shareholder returns. Despite a default on a HK$300 million loan by Hillwealth Holdings, partial repayments have been made, and the company is considering enforcement of securities and seeking additional securities as assurance.

For further insights into HK:0028 stock, check out TipRanks’ Stock Analysis page.