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Beijing Jingneng Clean Energy Co., Ltd. Class H ( (HK:0579) ) has issued an announcement.
Beijing Jingneng Clean Energy Co., Ltd. has entered into a Trust Agreement with CR Trust for the disposal of underlying assets to establish a trust for the Second ABCP Issuance. This transaction, aggregated with a previous disposal, constitutes a discloseable transaction under Hong Kong’s Listing Rules, with the issuance valued at approximately RMB2,007,839,400.12. The issuance includes priority and subordinated classes, with the priority class receiving an AAA credit rating. The move is expected to impact the company’s financial structuring and compliance with regulatory requirements.
The most recent analyst rating on (HK:0579) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Beijing Jingneng Clean Energy Co., Ltd. Class H stock, see the HK:0579 Stock Forecast page.
More about Beijing Jingneng Clean Energy Co., Ltd. Class H
Beijing Jingneng Clean Energy Co., Ltd. Class H is a company incorporated in the People’s Republic of China, focusing on clean energy solutions. The company is involved in the issuance of asset-backed commercial papers (ABCP) as part of its financial operations.
YTD Price Performance: 30.24%
Average Trading Volume: 8,516,762
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.46B
For a thorough assessment of 0579 stock, go to TipRanks’ Stock Analysis page.