Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from CSSC (Hong Kong) Shipping Company Limited ( (HK:3877) ) is now available.
CSSC (Hong Kong) Shipping Company Limited has completed the issuance of HK$2.338 billion of 0.75% guaranteed convertible bonds due 2031 under its general mandate, following satisfaction of all conditions under the subscription agreement. The bonds, guaranteed by CSSC Capital 2015 Limited, are expected to be listed and tradable on the Hong Kong Stock Exchange from 29 January 2026, and are convertible at an initial price of HK$2.39 per share into approximately 978.24 million shares, slightly adjusted from an earlier figure due to rounding, with the company also set to complete required regulatory filings with the CSRC.
The most recent analyst rating on (HK:3877) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on CSSC (Hong Kong) Shipping Company Limited stock, see the HK:3877 Stock Forecast page.
More about CSSC (Hong Kong) Shipping Company Limited
CSSC (Hong Kong) Shipping Company Limited is a Hong Kong-incorporated ship leasing and maritime financing company, acting as a financing platform within the China State Shipbuilding Corporation group. It focuses on vessel leasing and related shipping finance solutions, serving clients across the marine transport and shipbuilding sectors, with its shares listed on the Hong Kong Stock Exchange.
Average Trading Volume: 18,237,080
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.33B
Learn more about 3877 stock on TipRanks’ Stock Analysis page.