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J&T Global Express Limited ( (HK:1519) ) has shared an announcement.
J&T Global Express Limited has entered into a Facility Agreement with several banks to secure a CNY10 billion term loan facility. This loan, guaranteed by the company, will be used to refinance existing debt and for general corporate purposes. The agreement includes specific performance obligations tied to the company’s controlling shareholder, Mr. Li. If Mr. Li ceases to hold the largest voting rights or control over the company’s policies, the loan facility will be canceled, and all amounts will become due immediately. This move could impact the company’s financial stability and its strategic positioning in the logistics industry.
The most recent analyst rating on (HK:1519) stock is a Hold with a HK$10.50 price target. To see the full list of analyst forecasts on J&T Global Express Limited stock, see the HK:1519 Stock Forecast page.
More about J&T Global Express Limited
J&T Global Express Limited is a company incorporated in the Cayman Islands, primarily operating in the logistics and express delivery industry. The company is listed on the main board of the Stock Exchange and is controlled through weighted voting rights, with a significant market focus on providing express delivery services.
Average Trading Volume: 42,770,152
Technical Sentiment Signal: Buy
Current Market Cap: HK$92.83B
For an in-depth examination of 1519 stock, go to TipRanks’ Overview page.