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Xinyi Solar Holdings ( (HK:0968) ) has shared an announcement.
Xinyi Solar Holdings Limited has successfully completed the issuance of the first tranche of Panda Bonds in China, raising RMB800 million with a coupon rate of 2.1% per annum for a three-year term. The proceeds will be used to replenish the working capital of the company’s subsidiaries, aiding in the expansion of funding sources and reducing capital costs by leveraging low interest rates in the Chinese market.
The most recent analyst rating on (HK:0968) stock is a Buy with a HK$4.90 price target. To see the full list of analyst forecasts on Xinyi Solar Holdings stock, see the HK:0968 Stock Forecast page.
More about Xinyi Solar Holdings
Xinyi Solar Holdings Limited, incorporated in the Cayman Islands, operates in the solar industry, focusing on the production and sale of solar glass and related products. The company is listed on the Hong Kong Stock Exchange and aims to expand its market presence and funding sources.
Average Trading Volume: 70,794,311
Technical Sentiment Signal: Sell
Current Market Cap: HK$21.33B
For an in-depth examination of 0968 stock, go to TipRanks’ Overview page.