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Termbray Industries International (Holdings) Limited ( (HK:0093) ) has issued an announcement.
Zero Fintech Group Limited’s indirect wholly owned subsidiary X8 Finance has entered into new and supplemental loan agreements totaling HK$138 million with borrowers Horn King, United Treasure and related guarantors, secured by first and second mortgages over several properties and personal guarantees from Dr. Ho and Mr. Ho. The combined size of these new loans and previous related financings within 12 months triggers major transaction classification and general disclosure requirements under Hong Kong listing rules, leading the company to obtain written shareholder approval from its controlling allied shareholders in lieu of convening a general meeting, streamlining compliance while highlighting the growing scale of its loan book and exposure to these counterparties.
The most recent analyst rating on (HK:0093) stock is a Hold with a HK$0.40 price target. To see the full list of analyst forecasts on Termbray Industries International (Holdings) Limited stock, see the HK:0093 Stock Forecast page.
More about Termbray Industries International (Holdings) Limited
Zero Fintech Group Limited, incorporated in Bermuda and listed in Hong Kong, operates in the financial services sector with a focus on providing loan financing through subsidiaries such as X8 Finance. The group structures secured lending backed by real estate mortgages and personal guarantees, targeting borrowers that can offer substantial collateral within the Hong Kong property market.
Average Trading Volume: 17,130
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.07B
For detailed information about 0093 stock, go to TipRanks’ Stock Analysis page.