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China Travel International Investment Hong Kong ( (HK:0308) ) has shared an update.
China Travel International Investment Hong Kong Limited has entered into an agreement with a bank for an uncommitted revolving loan facility of up to HK$500 million. This arrangement requires the company’s controlling shareholder, China Travel Service (Holdings) Hong Kong Limited, to maintain a significant shareholding, ensuring stability and continuity of control. The facility allows flexibility in financial management, but the bank retains the right to modify or cancel the facility at its discretion, impacting the company’s financial strategy and stakeholder interests.
The most recent analyst rating on (HK:0308) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Travel International Investment Hong Kong stock, see the HK:0308 Stock Forecast page.
More about China Travel International Investment Hong Kong
China Travel International Investment Hong Kong Limited operates in the travel and tourism industry, focusing on providing travel services and investment opportunities. The company is primarily involved in managing and investing in travel-related businesses, with a significant market focus on Hong Kong and China.
Average Trading Volume: 68,896,150
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.25B
Find detailed analytics on 0308 stock on TipRanks’ Stock Analysis page.