SJM daily cash burn HK$22m, loan refinancing to provide HK$6b liquidity: MS
SJM Holdings is currently burning through about HK$22 million ($2.8 million) cash a day and if its loan refinancing is approved it will get another HK$6 billion in liquidity, Morgan Stanley said.
The firm made its comments in a note on the Virtual China Summit. SJM, which is seen as the weakest [...]
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