Million Cities Backs RMB500 Million Facility With Share Mortgage Deed
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Million Cities Holdings Ltd. has approved a transaction where MC Development will execute a Share Mortgage Deed to secure up to RMB500 million for Fortune Radiant. This allows access to funds while maintaining a proportional exposure to its 37.7% stake. The arrangement complies with Chapter 14 disclosure and connected-transaction rules, supporting ongoing development without regulatory breaches. The latest analyst rating for HK:2892 is a Hold with a price target of HK$0.34.
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