Chinney Alliance Group Limited (HK:0385) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Chinney Alliance Group Limited and its subsidiary, Chinney KW, have entered into a significant financial transaction by providing a HK$250 million loan to Chinney Investments at an interest rate of 6.0% per annum. The deal is deemed a connected and major transaction under the Listing Rules, requiring independent financial advice and approval from independent shareholders due to the substantial ownership stakes held by Dr. James Sai-Wing Wong in all entities involved.
For further insights into HK:0385 stock, check out TipRanks’ Stock Analysis page.