tiprankstipranks
Company Announcements

CGN Power Co. Secures Approval for Convertible Bond Issuance

Story Highlights
CGN Power Co. Secures Approval for Convertible Bond Issuance

Discover the Best Stocks and Maximize Your Portfolio:

CGN Power Co ( (HK:1816) ) has shared an announcement.

CGN Power Co., Ltd. announced the approval of its application for issuing A Share Convertible Corporate Bonds to non-specific investors by the Shenzhen Stock Exchange’s Listing Review Committee. This issuance is aimed at bolstering the company’s financial strategy, although it still awaits registration approval from the CSRC, introducing some uncertainty to the process. Investors are cautioned about potential investment risks.

More about CGN Power Co

CGN Power Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company focuses on providing nuclear power generation services and is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -0.05%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $23.33B

See more data about 1816 stock on TipRanks’ Stock Analysis page.

Related Articles
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