Cinda International Holdings Limited (HK:0111) has released an update.
Cinda International Holdings Limited has recently completed the acquisition of RMB 30 million worth of bonds on the open market, for a slightly lower consideration of approximately RMB 28.06 million, aiming to diversify and stabilize its investment portfolio. The purchase, which falls under a discloseable transaction category due to its size, was funded internally and is part of the company’s strategy to enhance its fixed income investment business. The bonds were issued by an investment and financing platform owned by Shandong Provincial entities, and the deal is deemed by the company’s directors to be in the best interest of the shareholders.
For further insights into HK:0111 stock, check out TipRanks’ Stock Analysis page.
