CISI Acquires US$17 Million in Notes, Strengthening Investment Portfolio

China Industrial Securities International Financial Group Ltd. ( (HK:6058) ) just unveiled an update.

China Industrial Securities International Financial Group Ltd. announced that its subsidiary, CISI Investment, acquired notes worth US$17 million on the open market. These acquisitions, guaranteed by the Public Investment Fund of Saudi Arabia, are part of the company’s strategy to enhance its investment portfolio. The transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but not shareholder approval. This move signifies the company’s ongoing efforts to strategically position itself in the financial market by leveraging international investment opportunities.

The most recent analyst rating on (HK:6058) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Industrial Securities International Financial Group Ltd. stock, see the HK:6058 Stock Forecast page.

More about China Industrial Securities International Financial Group Ltd.

China Industrial Securities International Financial Group Ltd. is primarily engaged in providing wealth management services, corporate finance services, asset management services, and financial products and investments.

Average Trading Volume: 7,891,856

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.86B

For an in-depth examination of 6058 stock, go to TipRanks’ Overview page.