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The latest update is out from Cinda International Holdings Limited ( (HK:0111) ).
Cinda International Holdings Limited has entered into a Further Revised Facility Letter with a Hong Kong-based bank, modifying the terms of a revolving loan facility amounting to HK$120 million. This revision places specific performance obligations on the company’s controlling shareholder, China Cinda Asset Management Co., Ltd., ensuring their direct or indirect control of at least 50% of the company’s shareholding. These changes aim to reinforce financial stability and maintain investor confidence, as any breach of the new terms could result in the demand for full repayment of the loan.
More about Cinda International Holdings Limited
Cinda International Holdings Limited operates in the financial services industry, providing a range of investment and asset management services. The company is primarily focused on the Asian market, leveraging its expertise to offer financial solutions tailored to the needs of its clients.
YTD Price Performance: -6.67%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €21.35M
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