Hua Yin International (HKG:0989) secured a HK$39 million credit facility from Ground Group HK as part of a broader restructuring plan, according to a Hong Kong bourse filing Monday.
Shares of the property developer fell nearly 3% in morning trade on Tuesday.
The firm said it had already drawn HK$3.2 million from the facility, which is interest-free and unsecured.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.