Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
China Energy Engineering Corp. Ltd. Class H ( (HK:3996) ) has issued an update.
China Energy Engineering Corporation Limited is a Chinese state-linked engineering and construction group focused on the energy and infrastructure sectors. The company primarily provides engineering, procurement, construction and related services for large-scale power, transportation and industrial projects, serving domestic and overseas markets through both A-share and H-share listings in Hong Kong and mainland China.
In its latest capital move, the company has completed a targeted issuance of 2,549,019,607 A shares at RMB2.55 each to eight specific investors, raising about RMB6.5 billion. The deal increases total share capital to 44.24 billion shares and introduces new tradable shares subject to a six-month lock-up, while maintaining compliance with Hong Kong’s minimum public float rules and modestly diluting existing shareholders as the firm strengthens its capital base.
The most recent analyst rating on (HK:3996) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on China Energy Engineering Corp. Ltd. Class H stock, see the HK:3996 Stock Forecast page.
More about China Energy Engineering Corp. Ltd. Class H
China Energy Engineering Corporation Limited is a Chinese state-linked engineering and construction group focused on the energy and infrastructure sectors. The company primarily provides engineering, procurement, construction and related services for large-scale power, transportation and industrial projects, serving domestic and overseas markets through both A-share and H-share listings in Hong Kong and mainland China.
In its latest capital move, the company has completed a targeted issuance of 2,549,019,607 A shares at RMB2.55 each to eight specific investors, raising about RMB6.5 billion. The deal increases total share capital to 44.24 billion shares and introduces new tradable shares subject to a six-month lock-up, while maintaining compliance with Hong Kong’s minimum public float rules and modestly diluting existing shareholders as the firm strengthens its capital base.
Average Trading Volume: 133,517,804
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$82.78B
For a thorough assessment of 3996 stock, go to TipRanks’ Stock Analysis page.