Sheen Tai Holdings Faces Loan Default Situation

TipRanksDec 16 19:07

SHEEN TAI (01335.HK): Borrower defaults on loan repayment.

On December 16, Gelonghui reported that SHEEN TAI (01335.HK) announced that on June 12, 2023, a loan agreement was established between the lender and the borrower, under which the borrower is to repay the principal and pay interest to the lender by March 18, 2024. On March 21, 2024, the lender, borrower, and personal guarantor entered into a supplementary agreement, under which the parties conditionally agreed to extend the repayment date to November 30, 2024, and increase the loan interest rate from 0.42% per month to 1% per month, with additional guarantees provided by the personal guarantor. Due to the borrower's failure to fully repay before the repayment date.

Gelonghui FinanceDec 16 18:52

Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen

Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;

Futu NewsDec 13 16:24

Hong Kong Stock Market Midday Review | All three major Indices fell, the Technology Index decreased by about 2%; the technology sector, domestic real estate, and China-Affiliated Brokerage stocks declined, SUNAC fell over 6%, CITIC SEC dropped over 4%, an

Network Technology stocks performed poorly, SenseTime-W fell by 3.21%, MEITUAN-W dropped by 2.84%; Golden Industrial Concept stocks generally declined, RA SILK ROAD increased by 7.46%, LINGBAO GOLD fell by 4.75%; Semiconductors stocks weakened, SHEEN TAI rose by 5.82%, Semiconductor Manufacturing International Corporation decreased by 3.87%;

Futu NewsDec 13 12:10

Sheen Tai Holdings Expands Into Bitcoin Mining Sector

TipRanksDec 11 19:38

Sheen Tai Holdings Group Terminates Disposal Agreement, To Sell to New Buyer

MT NewswiresDec 10 21:07