tiprankstipranks
Trending News
More News >

UNQ Holdings Offers Major Loan Guarantee

UNQ Holdings Offers Major Loan Guarantee

UNQ Holdings Limited (HK:2177) has released an update.

Don’t Miss TipRanks’ Half-Year Sale

UNQ Holdings Limited has voluntarily announced its provision of a substantial guarantee of RMB 100.0 million to support the repayment obligations of its indirect wholly-owned subsidiary, UNQ (Shanghai) Supply Chain Management Co., Ltd. The Board believes that this guarantee, which secures a loan agreement with the Bank of Shanghai, will benefit the company and its shareholders. This financial move is not categorized as a notifiable or connected transaction as per Hong Kong’s Listing Rules, and the company has disclosed it for transparency with shareholders and potential investors.

For further insights into HK:2177 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1