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The latest announcement is out from China Hongqiao Group Ltd. ( (HK:1378) ).
China Hongqiao Group Ltd. announced a placing and top-up subscription agreement involving the placement of existing shares and the issuance of new shares to Hongqiao Holdings. The transaction is expected to raise approximately HK$11,490.1 million, which will be used for project development, debt repayment, and general corporate purposes. This strategic move is aimed at optimizing the company’s capital structure and supporting its growth initiatives both domestically and overseas.
The most recent analyst rating on (HK:1378) stock is a Buy with a HK$39.00 price target. To see the full list of analyst forecasts on China Hongqiao Group Ltd. stock, see the HK:1378 Stock Forecast page.
More about China Hongqiao Group Ltd.
China Hongqiao Group Ltd. is a leading company in the aluminum industry, primarily involved in the production and sale of aluminum products. The company focuses on both domestic and international markets, aiming to enhance its operations and expand its market presence.
Average Trading Volume: 35,394,175
Technical Sentiment Signal: Buy
Current Market Cap: HK$319.2B
Learn more about 1378 stock on TipRanks’ Stock Analysis page.