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The latest update is out from China Industrial Securities International Financial Group Ltd. ( (HK:6058) ).
China Industrial Securities International Financial Group’s indirect wholly owned unit, CISI Investment, has bought US$10.022 million in principal amount of CNPC (HK) Overseas Capital notes on the open market, paying about US$11.18 million in total. The notes, carrying a fixed 5.95% coupon and maturing in April 2041, are guaranteed by CNPC Finance (HK), ultimately backed by state-owned energy giant China National Petroleum Corporation.
Funded from internal resources, the acquisitions are classified as a discloseable transaction under Hong Kong listing rules when aggregated with a previous purchase. While exempt from shareholder approval, the deal underscores the group’s strategy of using its balance sheet to invest in long-dated, state-linked credit, potentially enhancing yield and diversifying its investment portfolio.
The most recent analyst rating on (HK:6058) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Industrial Securities International Financial Group Ltd. stock, see the HK:6058 Stock Forecast page.
More about China Industrial Securities International Financial Group Ltd.
China Industrial Securities International Financial Group Limited is a Hong Kong-listed financial services provider, incorporated in the Cayman Islands. The group focuses on wealth management, corporate finance, asset management, and financial products and investments for a broad base of institutional and individual clients.
Average Trading Volume: 1,694,631
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.68B
See more insights into 6058 stock on TipRanks’ Stock Analysis page.