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Wakachiku Construction Secures New Borrowing for Working Capital

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Wakachiku Construction Secures New Borrowing for Working Capital

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Wakachiku Construction Co., Ltd. ( (JP:1888) ) has shared an announcement.

Wakachiku Construction Co., Ltd. announced its decision to borrow funds through commitment line agreements with ten financial institutions to efficiently raise working capital. The borrowing involves a syndication type commitment line agreement totaling 13,000 million yen, with 8,000 million yen being borrowed after repaying 2,500 million yen of existing loans. The impact on business results is expected to be immaterial.

The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5172.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.

More about Wakachiku Construction Co., Ltd.

Wakachiku Construction Co., Ltd. operates in the construction industry, focusing on providing construction services. The company is listed on the TSE Prime Market and is involved in various construction projects.

Average Trading Volume: 24,721

Technical Sentiment Signal: Buy

Current Market Cap: Yen63.19B

For detailed information about 1888 stock, go to TipRanks’ Stock Analysis page.

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