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Hi Sun Technology's Unit Establishes 335 Million Yuan Asset-Backed Securities Scheme
HI SUN TECH (00818.HK) issued 0.335 billion yuan of asset-backed securities on April 16.
On April 16, Gelonghui reported that HI SUN TECH (00818.HK) announced that the Board of Directors of Ronghui Zhida Factoring has approved the issuance of the Yunlian-E Credit Supply Chain Finance Asset-Backed Special Plan and the asset-backed securities supported by factoring financing creditors using electronic debt certificates as the repayment method according to contract stipulations within China. According to the no objection letter issued by the Shanghai Stock Exchange regarding the asset-backed special plan, the issuance size limit for the asset-backed special plan is 2 billion yuan (all non-renewable asset-backed securities), which can be issued in installments within 24 months from the date of approval, before March 14, 2027.
Express News | Hi Sun Technology (China) Ltd - Ronghui Zhida Factoring Approved Suixin Cloud Chain-E Credit Supply Chain Financial Asset-Backed Special Scheme
Express News | Hi Sun Technology (China) Ltd - Maximum Issue Size of ABS Scheme Is RMB2 Bln
HI SUN TECH: ANNUAL REPORT 2024
HI SUN TECH (00818.HK) reported an annual adjusted net profit of 0.233 billion Hong Kong dollars, a decrease of 54% year-on-year.
Gelonghui reported on March 20 that HI SUN TECH (00818.HK) announced that for the year ending December 31, 2024, the company's revenue was 2.34 billion HKD, a decrease of 14% year-on-year; profit for the year was 0.177 billion HKD, a decrease of 66% year-on-year; adjusted net profit was 0.233 billion HKD, a decrease of 54% year-on-year.
