Zhongtian Construction (Hunan) Group Limited (HK:2433) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Zhongtian Construction (Hunan) Group Limited has announced the signing of loan and guarantee agreements with China Everbright Bank to secure funds for daily operations. Two subsidiaries, Zhuzhou Kaida and Hangxiao Steel, will receive 2.55 million RMB and 4 million RMB respectively, both with an annual interest rate of around 5% and with Hunan Zhongtian Construction Group Corporation providing guarantees. The company expects these agreements to enhance operational efficiency and overall financial stability.
For further insights into HK:2433 stock, check out TipRanks’ Stock Analysis page.