China Hongqiao Group Ltd. ( (HK:1378) ) has shared an announcement.
China Hongqiao Group Ltd. has completed the issuance of US$300 million in 1.50% convertible bonds due in 2030. The proceeds from this issuance will be used to refinance existing offshore debt and for general corporate purposes, with the bonds expected to be listed on the Stock Exchange on March 27, 2025. This strategic financial move is likely to strengthen the company’s financial position and provide flexibility in managing its debt obligations, potentially enhancing its market competitiveness.
More about China Hongqiao Group Ltd.
China Hongqiao Group Ltd. is a company incorporated under the laws of the Cayman Islands and is involved in the production and distribution of aluminum products. The company operates within the metals industry and focuses on refining and manufacturing aluminum products for various markets.
YTD Price Performance: 30.27%
Average Trading Volume: 32,447,313
Technical Sentiment Signal: Sell
Current Market Cap: HK$146.1B
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