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An update from Tiangong International Co. Ltd. ( (HK:0826) ) is now available.
Tiangong International Company Limited has entered into a facilities agreement with a Hong Kong licensed bank for a dividend loan facility amounting to approximately HK$119.7 million. The agreement imposes a specific performance obligation on the company’s controlling shareholders, Mr. Zhu Xiaokun and Mr. Zhu Zefeng, to maintain at least 45% shareholding in the company. A breach of this obligation could result in the bank canceling the commitments and demanding immediate repayment of all outstanding amounts. The company will continue to disclose relevant information in its interim and annual reports.
More about Tiangong International Co. Ltd.
YTD Price Performance: -15.00%
Average Trading Volume: 3,245
Technical Sentiment Signal: Buy
Current Market Cap: €598.3M
For an in-depth examination of 0826 stock, go to TipRanks’ Stock Analysis page.
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