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An announcement from Hengan International Group Co ( (HK:1044) ) is now available.
Hengan International Group Co has successfully issued the first tranche of its corporate bonds, amounting to RMB1.0 billion with a 1.8% coupon rate for a one-year term. The proceeds will be used to supplement the company’s working capital and repay bank loans, reflecting a strategic move to strengthen its financial position and operational flexibility.
The most recent analyst rating on (HK:1044) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Hengan International Group Co stock, see the HK:1044 Stock Forecast page.
More about Hengan International Group Co
Hengan International Group Co is a company incorporated in the Cayman Islands, focusing on the issuance of corporate bonds to professional investors. The company is involved in the financial sector, aiming to enhance its working capital and manage its domestic subsidiaries’ bank loans.
Average Trading Volume: 2,443,752
Technical Sentiment Signal: Buy
Current Market Cap: HK$33.72B
For a thorough assessment of 1044 stock, go to TipRanks’ Stock Analysis page.