Miricor Enterprises Secures HK$10 Million Loan Facility with Shareholding Conditions

Miricor Enterprises Holdings Ltd ( (HK:1827) ) has shared an update.

Miricor Enterprises Holdings Limited announced that its subsidiary, G Max Group Limited, has entered into a facility agreement with a bank for a trade finance and revolving loan facility amounting to HK$10 million. The agreement requires the controlling shareholders, led by Chairlady Ms. Lai Ka Yee Gigi, to maintain at least 51% ownership of the company’s issued share capital. Failure to comply with this condition could result in the bank canceling the facility and demanding immediate repayment of all outstanding amounts.

More about Miricor Enterprises Holdings Ltd

Miricor Enterprises Holdings Limited, incorporated in the Cayman Islands, operates in the finance industry, focusing on trade finance and revolving loan facilities. The company is listed on the Hong Kong Stock Exchange and is controlled by the Lai family.

YTD Price Performance: -4.27%

Average Trading Volume: 37,222

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$448M

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