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Wang On Properties Ltd. ( (HK:1243) ) has provided an update.
Wang On Properties Limited announced that its subsidiary, Sky Earth Limited, has entered into a facility agreement with several financial institutions for a term loan facility of up to HK$1,015,000,000. This facility will be used to refinance existing debt and finance the Group’s general corporate purposes, enhancing its financial resources for project construction and strengthening cash flow.
More about Wang On Properties Ltd.
Wang On Properties Limited is a company incorporated in Bermuda, primarily engaged in property development and investment. It operates through its subsidiaries, focusing on the real estate sector in Hong Kong.
YTD Price Performance: -2.78%
Average Trading Volume: 876,112
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$532M
Learn more about 1243 stock on TipRanks’ Stock Analysis page.