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The latest update is out from China Tianrui Group Cement Co., Ltd. ( (HK:1252) ).
China Tianrui Group Cement Co., Ltd. announced an extension agreement for a bank loan totaling approximately RMB99.5 million. The extension outlines staggered repayment terms, secured by a pledge of 97 million shares, representing 3.15% of the company’s total issued shares. The controlling shareholder, Tianrui Group, must uphold a majority ownership to avoid immediate loan repayment demands. Additionally, the company plans to use part of the proceeds from a previous share placing for partial loan repayment, with any remaining funds earmarked for future interest payments.
More about China Tianrui Group Cement Co., Ltd.
China Tianrui Group Cement Co., Ltd. operates in the cement industry, providing essential building materials. The company has a focus on maintaining a significant market share in the cement production sector.
YTD Price Performance: -10.0%
Average Trading Volume: 2,022
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €115.9M
For a thorough assessment of 1252 stock, go to TipRanks’ Stock Analysis page.
