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COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) just unveiled an announcement.
COSCO SHIPPING Energy Transportation Co., Ltd. announced its plan to register and issue mid-term notes worth up to RMB5 billion. The issuance, subject to approval by NAFMII, aims to address the company’s funding needs, including debt repayment and capital investments. The notes will be issued in multiple tranches, with interest rates determined by market conditions, targeting institutional investors. This strategic financial move is expected to enhance the company’s operational capabilities and market positioning.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$9.60 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating in the energy transportation industry. The company focuses on the transportation of oil and gas, providing shipping services primarily in the interbank bond market of the PRC.
Average Trading Volume: 19,194,859
Technical Sentiment Signal: Hold
Current Market Cap: HK$46.09B
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