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CMOC Group ( (HK:3993) ) has shared an announcement.
CMOC Group has obtained board authorization, following shareholder approval at its AGM, to use up to RMB20 billion of internal idle funds to purchase short-term structured deposit products, each with a term of no more than 12 months, through to the 2026 AGM. In parallel, the company may also invest up to RMB20 billion on a rolling basis in wealth management and entrusted wealth management products with strong security and liquidity, excluding structured deposits, to enhance returns on surplus cash.
The board further authorized the chairman or chief financial officer to provide external guarantees for loans and other liabilities of wholly owned and controlled subsidiaries, with a total cap of RMB90 billion, differentiated by subsidiaries’ leverage levels, until the 2026 AGM. These measures collectively signal an active approach to optimizing cash management and supporting subsidiary financing, potentially improving group-wide liquidity while increasing the scale of contingent obligations on CMOC’s balance sheet.
The most recent analyst rating on (HK:3993) stock is a Buy with a HK$25.00 price target. To see the full list of analyst forecasts on CMOC Group stock, see the HK:3993 Stock Forecast page.
More about CMOC Group
CMOC Group Limited is a Hong Kong-listed joint stock company incorporated in the People’s Republic of China, operating in the resources and mining sector. The company manages a portfolio of mineral assets and related operations, and actively oversees capital allocation and financial risk management to support its business needs and those of its subsidiaries.
Average Trading Volume: 56,440,708
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$461.7B
See more data about 3993 stock on TipRanks’ Stock Analysis page.