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Tiangong International Co. Ltd. ( (HK:0826) ) has provided an update.
Tiangong International Company Limited has entered into a facilities agreement with a Hong Kong licensed bank for a dividend loan facility amounting to HK$78,207,500. The agreement imposes a specific performance obligation on the controlling shareholders, Mr. Zhu Xiaokun and Mr. Zhu Zefeng, to maintain at least 45% shareholding in the company. Failure to comply with this obligation could result in the bank cancelling the commitments and demanding immediate repayment of all outstanding amounts.
The most recent analyst rating on (HK:0826) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Tiangong International Co. Ltd. stock, see the HK:0826 Stock Forecast page.
More about Tiangong International Co. Ltd.
Average Trading Volume: 45,591,561
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.85B
For a thorough assessment of 0826 stock, go to TipRanks’ Stock Analysis page.