China Industrial Securities International Financial Group Ltd. (HK:6058) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into HK:6058 stock, check out TipRanks’ Stock Analysis page.