Minmetals Land Limited (HK:0230) has released an update.
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Minmetals Land Limited has secured a 364-day revolving loan facility of HK$780 million, contingent on its controlling shareholder, China Minmetals Corporation, maintaining at least a 51% ownership stake. The facility highlights the company’s strategic financial maneuvers to enhance liquidity, with adherence to specific ownership conditions crucial for its continued access to these funds.
For further insights into HK:0230 stock, check out TipRanks’ Stock Analysis page.
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