ICO Group Limited (HK:1460) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
ICO Group Limited has negotiated a new promissory note to extend the repayment period of its existing debt, allowing the company to maintain cash reserves for future projects. This strategic move is aimed at strengthening the company’s financial position without adversely affecting its shareholders. The new note, with an interest rate of 2% per annum, will mature in 36 months, mirroring the original terms.
For further insights into HK:1460 stock, check out TipRanks’ Stock Analysis page.