Far East Horizon Limited (HK:3360) has released an update.
Far East Horizon Limited has refreshed its US$4,000,000,000 funding program, allowing for the issuance of Notes and Perpetual Securities to professional investors, contingent on market conditions and the company’s capital needs. The update aims to bolster financial flexibility and efficiency, with the potential proceeds destined for working capital and general corporate purposes, including intercompany loans to its PRC subsidiaries. Investors are urged to be cautious, as the timing and amount of issuances under this program remain uncertain.
For further insights into HK:3360 stock, check out TipRanks’ Stock Analysis page.
