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The latest announcement is out from China Resources Cement Holdings ( (HK:1313) ).
China Resources Cement Holdings has announced its plan to issue the 2025 first tranche medium-term notes in the inter-bank debt market of China, amounting to RMB 2 billion with a three-year term. The proceeds from this issuance will be used to repay domestic bank loans, potentially impacting the company’s financial stability and market positioning. The issuance is subject to market conditions and certain conditions, and the company will provide further announcements if it proceeds.
The most recent analyst rating on (HK:1313) stock is a Hold with a HK$1.90 price target. To see the full list of analyst forecasts on China Resources Cement Holdings stock, see the HK:1313 Stock Forecast page.
More about China Resources Cement Holdings
China Resources Cement Holdings is a company operating in the building materials industry, primarily focusing on the production and distribution of cement and related products. The company is involved in the inter-bank debt market in China and aims to strengthen its financial position through strategic financial instruments.
YTD Price Performance: 21.52%
Average Trading Volume: 16,715,263
Technical Sentiment Signal: Hold
Current Market Cap: HK$13.41B
For a thorough assessment of 1313 stock, go to TipRanks’ Stock Analysis page.