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China Resources Gas Group ( (HK:1193) ) has shared an announcement.
China Resources Gas Group Limited announced that its wholly owned subsidiary, China Resources Gas Investment (China) Company Limited, has completed the issuance of the first tranche of onshore medium-term notes in the PRC. The notes total RMB1 billion, carry a three-year term and a 1.71% annual coupon, and the proceeds will be used to replenish working capital at the subsidiary and its units, bolstering liquidity and financial flexibility for its mainland gas operations while the company cautioned shareholders and potential investors to exercise care when dealing in its securities.
The most recent analyst rating on (HK:1193) stock is a Buy with a HK$27.00 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.
More about China Resources Gas Group
China Resources Gas Group Limited is a Hong Kong–listed energy company incorporated in Bermuda, primarily engaged in investing in and operating city gas distribution and related businesses in mainland China through its subsidiaries. The group focuses on supplying natural gas and related services to residential, commercial and industrial customers across the People’s Republic of China.
Average Trading Volume: 5,266,827
Technical Sentiment Signal: Hold
Current Market Cap: HK$48.77B
For a thorough assessment of 1193 stock, go to TipRanks’ Stock Analysis page.