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China Modern Dairy Holdings Ltd. ( (HK:1117) ) has provided an update.
China Modern Dairy Holdings Ltd. has announced the proposed issuance of $350 million in sustainability bonds due in 2030, with an interest rate of 4.875%. The proceeds from these bonds are intended for refinancing purposes. The bonds will be offered outside the United States and are subject to certain conditions, including listing on the Stock Exchange for professional investors only. This move is part of the company’s strategy to enhance its financial structure while promoting sustainability, although the completion of the bond issuance is not guaranteed.
The most recent analyst rating on (HK:1117) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on China Modern Dairy Holdings Ltd. stock, see the HK:1117 Stock Forecast page.
More about China Modern Dairy Holdings Ltd.
China Modern Dairy Holdings Ltd. is a company incorporated in the Cayman Islands, primarily focused on the dairy industry. It is listed on the Stock Exchange of Hong Kong and operates with a focus on sustainability within its financial operations.
Average Trading Volume: 17,858,195
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.13B
Learn more about 1117 stock on TipRanks’ Stock Analysis page.