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Composite Alliance Group, Inc. Class A ( (TSE:CAG) ) has provided an update.
Composite Alliance Group Inc. has secured an unsecured loan facility of up to CDN$2,500,000 from Ya-King (Hong Kong) Limited. This financial move is intended to support the working capital requirements of its subsidiary, Techni-Modul Engineering S.A., potentially strengthening its operational capabilities and market competitiveness. The loan, which bears a 5.0% annual interest rate, is set to mature on December 31, 2030, indicating a long-term strategic financial planning effort by the company.
More about Composite Alliance Group, Inc. Class A
Composite Alliance Group Inc. operates in the engineering sector, focusing on providing innovative solutions through its subsidiary, Techni-Modul Engineering S.A. The company specializes in advanced engineering services and aims to enhance its market position by leveraging new financial opportunities.
YTD Price Performance: 86.67%
Average Trading Volume: 15,166
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$1.1M
Find detailed analytics on CAG stock on TipRanks’ Stock Analysis page.
