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港股异动 | 金界控股(03918)再跌超5% 股东提供最高8000万美元贷款 穆迪称公司仍面临再融资风险

Changes in Hong Kong stocks | Financial World Holdings (03918) fell more than 5%, shareholders provided loans of up to $80 million, Moody's says the company still faces refinancing risks

Zhitong Finance ·  10/24/2023 11:47

The Zhitong Finance App learned that Financial World Holdings (03918) fell more than 5% in early trading. As of press release, it fell 4.48% to HK$3.2, with a turnover of HK$7.329,800.

According to the news, Financial World Holdings announced that the company received a loan of up to 80 million US dollars from ChenLipKeong Capital. After careful consideration, the company believes that the loan terms are reasonable, including competitive financing costs, and will improve the company's liquidity situation.

Moody's said it has a positive attitude about Financial World Holdings receiving a loan of up to 80 million US dollars from the controlling shareholder, but believes the company still faces refinancing risks. Moody's pointed out that the financial sector has $298 million in cash and cash equivalent. Assuming that it maintains a working cash balance of $40 million and fully withdraws $80 million in shareholder loans, the company will still have to generate $135 million in free cash flow over the next three quarters to pay for the maturity of the bonds.

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