Asian Citrus Holdings ( (HK:0073) ) just unveiled an update.
Asian Citrus Holdings Limited has announced a supplemental agreement regarding the extension of a loan, which was initially disclosed in a previous announcement. The company conducted a thorough credit risk assessment, determining that the risks associated with the loan are low due to the borrower’s sufficient assets and the guarantor’s strong net worth. The loan terms, negotiated at arm’s length, offer more favorable interest income compared to fixed deposits in Hong Kong banks, making it a beneficial financial move for the company. The board believes the terms are fair and in the best interest of the company and its shareholders.
More about Asian Citrus Holdings
Asian Citrus Holdings Limited operates in the agricultural industry, primarily focusing on the cultivation and distribution of citrus fruits. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.37M
Learn more about 0073 stock on TipRanks’ Stock Analysis page.