tiprankstipranks
Trending News
More News >

Shanghai Dazhong Obtains CSRC Approval for Bond Issuance

Story Highlights
Shanghai Dazhong Obtains CSRC Approval for Bond Issuance

Don’t Miss TipRanks’ Half-Year Sale

Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H ( (HK:1635) ) just unveiled an announcement.

Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced that it has received approval from the China Securities Regulatory Commission (CSRC) to issue corporate bonds with a total nominal value not exceeding RMB2.6 billion to professional investors. This approval is valid for 24 months, allowing the company to issue the bonds in tranches, potentially impacting its financial strategy and market positioning. The issuance must comply with the offering circulars submitted to the Shanghai Stock Exchange, and any significant events during the issuance process must be reported according to relevant regulations.

More about Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H

Shanghai Dazhong Public Utilities (Group) Co., Ltd. is a joint stock company incorporated in China, focusing on public utilities and related sectors.

YTD Price Performance: -10.0%

Average Trading Volume: 20

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.41B

For a thorough assessment of 1635 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1