Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Greentown China Holdings ( (HK:3900) ) is now available.
Greentown China Holdings plans an international issuance of U.S. dollar-denominated senior notes, offered outside the United States under Regulation S. The company intends to seek a listing of the notes on the Hong Kong Stock Exchange, with a confirmation of eligibility already received, and will not offer the securities to the public in Hong Kong or to retail investors in the EEA or the UK.
Completion of the offering will depend on market conditions and investor demand, with pricing, size and terms to be set via a book-building process led by a syndicate including Deutsche Bank, HSBC, Guotai Junan International, J.P. Morgan, Soochow Securities (Hong Kong) and UBS. Greentown plans to use the net proceeds to refinance existing indebtedness, but stresses that no binding agreement has yet been signed and warns investors the deal may not materialize, with further announcements to follow if a purchase agreement is executed.
The most recent analyst rating on (HK:3900) stock is a Sell with a HK$8.55 price target. To see the full list of analyst forecasts on Greentown China Holdings stock, see the HK:3900 Stock Forecast page.
More about Greentown China Holdings
Greentown China Holdings Limited is a Cayman Islands-incorporated developer focused on the Chinese real estate sector and listed in Hong Kong. The company raises funding in international capital markets and uses debt offerings, including U.S. dollar-denominated senior notes, to support and refinance its property development and related operations.
Average Trading Volume: 10,262,552
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$27.81B
For detailed information about 3900 stock, go to TipRanks’ Stock Analysis page.