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An update from China Railway Signal & Communication ( (HK:3969) ) is now available.
China Railway Signal & Communication Corporation Limited has approved the addition of a new A-share fundraising project, reallocating part of the proceeds from its 2019 A-share offering to establish a Rail Transit Signal System Pilot Testing Base Project in Changsha, Hunan. The project, with a planned investment of RMB85.97 million to be fully funded from existing raised proceeds, aims to enhance the company’s testing and verification capabilities for rail transit signal systems, while only modestly altering the original use of funds, as it represents about 0.83% of the net A-share proceeds; the remaining fundraising balance will continue to be reserved for future projects in a dedicated proceeds management account.
The most recent analyst rating on (HK:3969) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Railway Signal & Communication stock, see the HK:3969 Stock Forecast page.
More about China Railway Signal & Communication
China Railway Signal & Communication Corporation Limited is a leading provider of rail transit control systems and related technologies in China, with its A-shares listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange. The company focuses on advanced and intelligent rail signaling, control equipment and manufacturing, supporting the modernization and digitalization of railway and urban rail transit infrastructure.
Average Trading Volume: 4,772,798
Technical Sentiment Signal: Buy
Current Market Cap: HK$59.17B
See more insights into 3969 stock on TipRanks’ Stock Analysis page.