China Industrial Securities International Financial Group Ltd. (HK:6058) has released an update.
China Industrial Securities International Financial Group Ltd. has announced a significant investment move, subscribing to US$19 million worth of bonds issued by Weifang Urban Construction and Development Investment Group Co., Ltd. This strategic financial transaction, completed after trading hours on August 23, 2024, taps into the company’s internal resources without necessitating shareholders’ approval. With the bonds yielding a fixed interest rate of 7.5% per annum and set to mature by August 30, 2027, this deal signals a confident investment by the firm in the urban development sector.
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