Huaibei GreenGold Industry Investment Co., Ltd. Class H ( (HK:2450) ) has provided an announcement.
Huaibei GreenGold Industry Investment Co., Ltd. announced a major and connected transaction involving advance payments and a review of its internal control procedures. The company has implemented a paper-form internal procedure for fund transfers, marking its first use since listing on the stock exchange. This procedure was initiated following a business meeting with Huaibei Construction Investment, where a loan agreement was discussed to address short-term financial needs, with a proposed loan of RMB250 million at an interest rate of 4.3% per annum. The loan agreement remains unexecuted, pending board approval and compliance with listing rules.
More about Huaibei GreenGold Industry Investment Co., Ltd. Class H
Huaibei GreenGold Industry Investment Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the investment sector. The company is involved in providing financial services and investment opportunities, with a focus on loan arrangements and capital investments.
YTD Price Performance: 78.38%
Average Trading Volume: 354,940
Technical Sentiment Signal: Strong Sell
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