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An update from Jinhui Holdings Co. Ltd. ( (HK:0137) ) is now available.
Jinhui Holdings Company Limited has disclosed that its approximately 55.69%-owned indirect subsidiary has acquired two equity-linked fixed coupon notes (FCNs) issued by Morgan Stanley BV with a combined principal of CNY25 million (about HK$27.9 million), linked to shares of PetroChina, Contemporary Amperex Technology, Xpeng, Tencent, AIA and Zijin Gold International. The two-month FCNs, carrying an 8% annual coupon and financed from internal resources, are treated as a single discloseable transaction under Hong Kong Listing Rules, triggering reporting and announcement requirements as one or more applicable percentage ratios exceed 5% but remain below 25%, underscoring the group’s ongoing use of structured investment products alongside its core shipping operations.
The most recent analyst rating on (HK:0137) stock is a Hold with a HK$0.75 price target. To see the full list of analyst forecasts on Jinhui Holdings Co. Ltd. stock, see the HK:0137 Stock Forecast page.
More about Jinhui Holdings Co. Ltd.
Jinhui Holdings Company Limited, incorporated in Hong Kong and listed under stock code 137, is principally an investment holding company whose subsidiaries are engaged in international ship chartering and ship owning. An indirect subsidiary, which is approximately 55.69% owned by Jinhui, is primarily involved in investment trading activities.
Average Trading Volume: 76,923
Technical Sentiment Signal: Sell
Current Market Cap: HK$365.9M
Learn more about 0137 stock on TipRanks’ Stock Analysis page.