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China State Construction International Holdings ( (HK:3311) ) has provided an update.
China State Construction International Holdings announced a connected transaction involving a factoring arrangement through its subsidiary, CSC International Investments. The company entered into an Account Receivable Transfer Contract with Huzhou Haichuang and a Factoring Contract with CCCF, transferring a receivable of RMB200 million at a discount rate of 92.8%. This transaction, part of a series of connected transactions, is subject to reporting and announcement requirements under the Listing Rules but is exempt from shareholders’ approval due to its size.
The most recent analyst rating on (HK:3311) stock is a Buy with a HK$13.50 price target. To see the full list of analyst forecasts on China State Construction International Holdings stock, see the HK:3311 Stock Forecast page.
More about China State Construction International Holdings
China State Construction International Holdings is a company involved in the construction industry, focusing on infrastructure development and related services.
Average Trading Volume: 4,990,919
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$62.7B
See more data about 3311 stock on TipRanks’ Stock Analysis page.