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The latest update is out from Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ).
Shanghai Industrial Urban Development Group Ltd announced the successful issuance of its 2025 1st tranche medium-term notes in China, amounting to RMB900 million with a record low coupon rate of 1.99%. The oversubscription of the notes and the AA+ rating by China Chengxin International Credit Rating Co., Ltd. reflect strong market confidence in the company’s financial health and brand image. The proceeds will be used to repay higher-interest debt, resulting in significant cost savings and further strengthening the company’s financial position.
More about Shanghai Industrial Urban Development Group Ltd
Shanghai Industrial Urban Development Group Ltd operates in the real estate industry, focusing on property development and urban infrastructure projects primarily within China. The company is involved in the development and management of residential, commercial, and industrial properties.
Average Trading Volume: 2,057,033
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.39B
For an in-depth examination of 0563 stock, go to TipRanks’ Stock Analysis page.