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Wakachiku Construction Co., Ltd. ( (JP:1888) ) has provided an announcement.
Wakachiku Construction Co., Ltd. has decided to draw down funds under existing commitment line agreements with a syndicate of 10 financial institutions to efficiently secure working capital. The company will borrow 13 billion yen in total, using 11.5 billion yen to repay existing loans, under an unsecured syndication-type commitment line that includes financial covenants on net assets and ordinary profit, and it expects the impact of this financing move on its business results to be immaterial.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5055.00 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., listed on the TSE Prime Market, operates in the construction industry, providing civil engineering and building works, and relies on a network of trust, city, and regional banks for its financing needs.
Average Trading Volume: 21,267
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen64.78B
For an in-depth examination of 1888 stock, go to TipRanks’ Overview page.