HKG:2668

2 stories mentioning HKG:2668Updated 39d ago

Every FINWIRES story that references HKG:2668, newest first.

Pak Tak International Unit Enters Cross-Guarantee Agreement With Associates; Shares Down 12%

Pak Tak International (HKG:2668) said its mining subsidiary entered into a cross-guarantee agreement with two companies connected to chairman and CEO Wu Zongchuan, according to a Hong Kong bourse filing Friday.Shares of the firm fell over 12% in late morning trade Monday.The company's Fushun Xingzhou unit entered into an agreement with Fushun Huawei and Fushun Zongchuan to mutually guarantee each other's loan facility from the Bank of Fushun for a term that ends Dec. 31, 2028.Fushun Xingzhou placed a cap of 15 million yuan per year for the provision of a guarantee to Fushun Huawei, and 120 million yuan per year for Fushun Zongchuan.The agreement is subject to shareholder approval.

HKG:2668

Asia60d ago

Pak Tak International Extends Talks on Tanzania Gold Project Acquisition; Shares Slip 6%

Pak Tak International (HKG:2668) has extended a memorandum of understanding related to a potential acquisition of an interest in a gold project company in Tanzania, according to an April 17 Hong Kong bourse filing.Shares of the firm were down nearly 6% in Monday morning trade.The company said the memorandum has been extended by three months to July 19 as additional time is required for due diligence and negotiations.

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