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The latest announcement is out from Best Linking Group Holdings Limited ( (HK:9882) ).
Best Linking Group Holdings Limited has announced a discloseable transaction involving the subscription of a key man insurance policy with HSBC Life, with Mr. YP Chan as the insured person and Best Linking as the policyholder and beneficiary. The transaction, valued at approximately US$1.09 million, requires compliance with Hong Kong Listing Rules due to certain percentage ratios being met. Additionally, the company has secured a revised facility from The Hongkong and Shanghai Banking Corporation Limited, including a trading facility and finance loan up to HK$25.8 million. This facility is intended to maintain working capital and aid Best Linking in settling supplier payments, with the condition that Mr. YP Chan remains the controlling shareholder.
More about Best Linking Group Holdings Limited
YTD Price Performance: 0.0%
Average Trading Volume: 52,916
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$640M
For an in-depth examination of 9882 stock, go to TipRanks’ Stock Analysis page.