Technovator Secures RMB100 Million Trust Loan
Technovator International Limited has secured a RMB100 million Trust Loan through its subsidiary, Tongfang Energy Saving, for a term of 36 months. The loan aims to enhance working capital and repay short-term debts, backed by a pledge of intellectual property rights. Shareholder approval is required due to the transaction's size and connected party involvement. The current analyst rating for Technovator's stock (HK:1206) is Hold, with a price target of HK$0.50.
An update from Technovator International ( (HK:1206) ) is now available.
Technovator International Limited, a company incorporated in Singapore, has announced a connected transaction involving a Trust Loan Agreement. Tongfang Energy Saving, a subsidiary, has entered into an agreement with FOTIC to secure a loan of up to RMB100 million for a term of 36 months. This loan is intended to supplement working capital and repay short-term loans. The transaction involves a pledge of intellectual property rights as security and requires shareholder approval due to its size and the involvement of connected parties.
The most recent analyst rating on (HK:1206) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Technovator International stock, see the HK:1206 Stock Forecast page.
More about Technovator International
Average Trading Volume: 510,070
Technical Sentiment Signal: Hold
Current Market Cap: HK$324.6M
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