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An announcement from Yee Hop Holdings Ltd. ( (HK:1662) ) is now available.
Yee Hop Holdings Limited has announced the acceptance of a Facility Letter from a bank, securing credit facilities up to HK$50 million. The agreement requires that the combined beneficial interest of Mr. Jim and Mr. Chui in the company remains at least 51%. This financial arrangement provides the company with flexible funding options, subject to the bank’s periodic review and right to demand repayment, potentially impacting its financial strategy and shareholder dynamics.
More about Yee Hop Holdings Ltd.
Yee Hop Holdings Limited is a company incorporated in the Cayman Islands with limited liability, listed on the Main Board of the Stock Exchange. The company is involved in engineering and materials, with its operations primarily focused on Hong Kong.
Average Trading Volume: 369,140
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.24B
See more insights into 1662 stock on TipRanks’ Stock Analysis page.