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China Resources Gas Group ( (HK:1193) ) has shared an update.
China Resources Gas Group has announced that its wholly owned subsidiary, China Resources Gas Investment (China) Company Limited, has received regulatory acceptance in the mainland Chinese interbank bond market to register and issue up to RMB8 billion of medium-term notes over the next two years. The planned note issuances, if they proceed, are intended to be executed in tranches and will be used primarily to repay interest-bearing debt at the subsidiary or its units, potentially improving the group’s debt profile and funding flexibility, though the company cautions that the issuance may or may not take place and will be subject to further announcements.
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 company incorporated in Bermuda that operates in the mainland China gas utilities sector through subsidiaries such as China Resources Gas Investment (China) Company Limited, focusing on the investment, operation and financing of natural gas distribution and related infrastructure in the PRC.
Average Trading Volume: 5,561,107
Technical Sentiment Signal: Buy
Current Market Cap: HK$52.44B
Find detailed analytics on 1193 stock on TipRanks’ Stock Analysis page.