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The latest announcement is out from Tse Sui Luen Jewellery (International) Ltd ( (HK:0417) ).
Tse Sui Luen Jewellery (International) Ltd has successfully extended its Facilities Agreement with Hang Seng Bank Limited, securing HK$496 million in extended facilities for an additional three years. This agreement provides the company with increased financial flexibility, reduced financing costs, and aligns with its strategic business transformation, reinforcing confidence in its operational stability and long-term prospects. The agreement also includes specific performance covenants related to the control and ownership by the Tse family, and imposes restrictions on dividend and capital distribution to preserve capital within the group.
The most recent analyst rating on (HK:0417) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Tse Sui Luen Jewellery (International) Ltd stock, see the HK:0417 Stock Forecast page.
More about Tse Sui Luen Jewellery (International) Ltd
Tse Sui Luen Jewellery (International) Ltd operates in the jewelry industry, focusing on the design, manufacture, and retail of jewelry products. The company is known for its high-quality jewelry offerings and maintains a significant presence in the Hong Kong market.
Average Trading Volume: 1,691,874
Technical Sentiment Signal: Buy
Current Market Cap: HK$294M
Find detailed analytics on 0417 stock on TipRanks’ Stock Analysis page.