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West China Cement ( (HK:2233) ) has shared an announcement.
West China Cement Limited announced the issuance of US$400 million in 9.90% senior notes due in 2028. The notes, offered outside the United States, are part of a strategic financial maneuver to strengthen the company’s capital structure and support its growth initiatives. The issuance involves key financial institutions, including China International Capital Corporation, HSBC, and J.P. Morgan, as joint global coordinators and initial purchasers, highlighting the company’s strong market positioning and investor confidence.
The most recent analyst rating on (HK:2233) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.
More about West China Cement
West China Cement Limited is a company incorporated in Jersey, primarily engaged in the production and distribution of cement. The company focuses on the construction and infrastructure sectors, catering to the growing demand for building materials in various markets.
Average Trading Volume: 47,739,533
Technical Sentiment Signal: Buy
Current Market Cap: HK$15.73B
For detailed information about 2233 stock, go to TipRanks’ Stock Analysis page.