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China Longyuan Power Group ( (HK:0916) ) has provided an update.
China Longyuan Power Group has completed the issuance of RMB2.6 billion in ultra short-term debentures, a 29-day instrument carrying a coupon rate of 1.65% and a unit nominal value of RMB100. Led by underwriter China Minsheng Bank, the public offering is intended to bolster the company’s daily working capital and refinance interest-bearing debt across the group, a move that should support liquidity management and potentially lower financing costs in the near term without altering the company’s longer-term capital structure.
The most recent analyst rating on (HK:0916) stock is a Hold with a HK$7.00 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 Hong Kong‑listed power producer based in Beijing, primarily engaged in the development, operation and management of power generation assets, with a focus on the Chinese market.
Average Trading Volume: 22,706,518
Technical Sentiment Signal: Sell
Current Market Cap: HK$106.3B
For a thorough assessment of 0916 stock, go to TipRanks’ Stock Analysis page.