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China Everbright ( (HK:0257) ) has provided an announcement.
China Everbright Environment Group Limited has announced its application to the National Association of Financial Market Institutional Investors for the registration and proposed issuance of asset-backed notes worth up to RMB4 billion. The issuance, aimed at institutional investors in the national inter-bank bond market, will be conducted by its subsidiary, Everbright Environmental Protection (China) Limited, and is subject to market conditions and approval by the NAFMII. An underwriting agreement has been signed with Everbright Securities to facilitate this process, with the terms deemed fair and beneficial for the company and its shareholders.
The most recent analyst rating on (HK:0257) stock is a Buy with a HK$5.70 price target. To see the full list of analyst forecasts on China Everbright stock, see the HK:0257 Stock Forecast page.
More about China Everbright
China Everbright Environment Group Limited operates in the environmental protection industry, focusing on providing comprehensive environmental services. The company is involved in projects related to waste-to-energy, wastewater treatment, and environmental remediation, primarily targeting the Chinese market.
Average Trading Volume: 22,373,211
Technical Sentiment Signal: Buy
Current Market Cap: HK$29.79B
For a thorough assessment of 0257 stock, go to TipRanks’ Stock Analysis page.