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China Hanking Holdings Pledges Shares for Loan Facility

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China Hanking Holdings Pledges Shares for Loan Facility

China Hanking Holdings Ltd. ( (HK:3788) ) just unveiled an update.

China Hanking Holdings Limited announced that its controlling shareholder, Bisney Success Limited, has pledged 280 million shares, representing approximately 14.29% of the company’s issued share capital, to China Citic Bank Corporation Limited as security for a term loan facility. This move highlights the company’s strategic financial management, potentially impacting its operational liquidity and stakeholder interests.

More about China Hanking Holdings Ltd.

China Hanking Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the mining industry. It operates through its wholly-owned subsidiary, Fushun Hanking Aoniu Mining Limited, focusing on mining operations.

YTD Price Performance: 27.27%

Average Trading Volume: 518,491

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.92B

See more data about 3788 stock on TipRanks’ Stock Analysis page.

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