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China Longyuan Power Group ( (HK:0916) ) has issued an update.
China Longyuan Power Group Corporation Limited has successfully completed the issuance of ultra short-term debentures amounting to RMB2.5 billion with a 90-day term and a coupon rate of 1.55%. The proceeds from this issuance will be utilized to replace existing interest-bearing debt and replenish working capital, which may enhance the company’s financial flexibility and operational efficiency.
The most recent analyst rating on (HK:0916) stock is a Buy with a HK$9.60 price target. To see the full list of analyst forecasts on China Longyuan Power Group stock, see the HK:0916 Stock Forecast page.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a leading company in the renewable energy sector, primarily focusing on wind power generation. The company is known for its significant contributions to sustainable energy solutions and operates extensively within China, aiming to expand its influence in the global renewable energy market.
Average Trading Volume: 28,941,284
Technical Sentiment Signal: Buy
Current Market Cap: HK$112.5B
Learn more about 0916 stock on TipRanks’ Stock Analysis page.