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Tiangong International Co. Ltd. ( (HK:0826) ) has issued an announcement.
Tiangong International Company Limited, a company incorporated in the Cayman Islands, has entered into a facilities agreement with a Hong Kong licensed bank for a dividend loan facility amounting to approximately HK$78,480,000. The agreement imposes a specific performance obligation on the company’s controlling shareholders, Mr. Zhu Xiaokun and Mr. Zhu Zefeng, requiring them to maintain at least 45% shareholding in the company. Failure to comply with this obligation could result in the cancellation of the commitments and the immediate repayment of all outstanding amounts.
More about Tiangong International Co. Ltd.
Average Trading Volume: 26,718,098
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.86B
See more insights into 0826 stock on TipRanks’ Stock Analysis page.