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An announcement from China State Construction International Holdings ( (HK:3311) ) is now available.
China State Construction International Holdings announced a Factoring Arrangement through its subsidiary, CSC International Investments, involving the transfer of account receivables totaling RMB490 million to CCCF. This move is part of a series of connected transactions under the Listing Rules, which are subject to reporting and announcement requirements but exempt from shareholders’ approval. The arrangement aims to enhance liquidity and financial flexibility, potentially impacting the company’s operational efficiency and market positioning.
The most recent analyst rating on (HK:3311) stock is a Buy with a HK$15.00 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 prominent player in the construction industry, primarily focusing on large-scale infrastructure projects and real estate development. The company operates with a strong market presence in China and internationally, leveraging its expertise in construction and engineering services.
Average Trading Volume: 6,500,863
Technical Sentiment Signal: Buy
Current Market Cap: HK$58.42B
Find detailed analytics on 3311 stock on TipRanks’ Stock Analysis page.