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CNNC International Limited ( (HK:2302) ) just unveiled an update.
CNNC International Limited has entered into a loan facility agreement with CNNC Treasury Management Co. Limited, securing up to $50 million for its uranium trading business. The facility is available for drawdown until August 2026, with repayment terms to be mutually agreed. If CNNC International ceases to be a subsidiary of China National Nuclear Corporation, the loan may become immediately due, highlighting the strategic importance of this relationship for the company’s financial operations.
The most recent analyst rating on (HK:2302) stock is a Buy with a HK$4.00 price target. To see the full list of analyst forecasts on CNNC International Limited stock, see the HK:2302 Stock Forecast page.
More about CNNC International Limited
CNNC International Limited operates in the uranium trading industry and is a subsidiary of China National Nuclear Corporation. The company is primarily focused on the trading of uranium, which is a critical component for nuclear energy production.
Average Trading Volume: 2,329,409
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.92B
For an in-depth examination of 2302 stock, go to TipRanks’ Overview page.