Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Shenzhen Investment ( (HK:0604) ) has shared an announcement.
Shenzhen Investment, through its indirect non-wholly-owned subsidiary Shenzhen Taiyuntong, has entered into a Loan Agreement with its shareholders Shum Yip Terra and Shenzhen Metro Real Estate. The agreement involves providing loans totaling RMB2.53 billion, distributed proportionally based on shareholding interests, with a fixed annual interest rate of 0.05% over a 36-month term. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, subject to reporting and announcement requirements but exempt from circular and shareholders’ approval. The transaction highlights the company’s strategic financial maneuvers to support its subsidiaries without requiring additional security or guarantees, potentially impacting its financial structure and stakeholder interests.
The most recent analyst rating on (HK:0604) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Shenzhen Investment stock, see the HK:0604 Stock Forecast page.
More about Shenzhen Investment
Average Trading Volume: 37,225,440
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.65B
See more insights into 0604 stock on TipRanks’ Stock Analysis page.