STAR CM Holdings Limited ( (HK:6698) ) just unveiled an update.
STAR CM Holdings Limited announced that its subsidiary, Fortune Star Media, has entered into a series of Loan Agreements with CMC Asia, providing loans amounting to approximately US$5,657,000. These transactions are considered connected transactions under the Hong Kong Stock Exchange’s Listing Rules due to the relationship between the borrower and Mr. Tian, an executive director and controlling shareholder of STAR CM. The company faced a delay in compliance with notification and announcement requirements but has now disclosed the agreements to inform shareholders.
More about STAR CM Holdings Limited
STAR CM Holdings Limited is a company incorporated in the Cayman Islands, focusing on media and entertainment through its wholly-owned subsidiary, Fortune Star Media.
YTD Price Performance: -43.01%
Average Trading Volume: 2,655,779
Technical Sentiment Signal: Buy
Current Market Cap: HK$844.9M
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