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Yanchang Petroleum International Limited ( (HK:0346) ) has shared an announcement.
Yanchang Petroleum International Limited has announced the renewal of a loan agreement with its subsidiary, Novus, extending the maturity date to January 17, 2027. This connected transaction, involving a principal amount of US$35 million at an interest rate of 4.8% per annum, is subject to shareholder approval due to its classification under the Listing Rules. The extension is expected to impact the company’s financial strategy and stakeholder engagement, given the significant percentage ratio and consideration involved.
The most recent analyst rating on (HK:0346) stock is a Hold with a HK$0.37 price target. To see the full list of analyst forecasts on Yanchang Petroleum International Limited stock, see the HK:0346 Stock Forecast page.
More about Yanchang Petroleum International Limited
Yanchang Petroleum International Limited operates in the petroleum industry, focusing on oil exploration, production, and trading. The company is primarily involved in the development and management of oil fields, providing a range of petroleum products and services.
Average Trading Volume: 246,482
Technical Sentiment Signal: Sell
Current Market Cap: HK$412.5M
For an in-depth examination of 0346 stock, go to TipRanks’ Overview page.