The latest announcement is out from Yuexiu Transport Infrastructure ( (HK:1052) ).
Yuexiu Transport Infrastructure Limited announced that its subsidiary, Yuexiu (China) Transport Infrastructure Investment Company Limited, has received approval from the Shanghai Stock Exchange for the registration of a public offering of corporate bonds worth up to RMB3.0 billion. This registration, also completed with the China Securities Regulatory Commission, allows the company to issue these bonds in multiple tranches to professional investors in China, depending on market conditions and capital needs. This strategic move is expected to strengthen the company’s financial position and enhance its ability to invest in infrastructure projects, potentially impacting its market standing and stakeholder interests.
More about Yuexiu Transport Infrastructure
Yuexiu Transport Infrastructure Limited operates in the transport infrastructure industry, focusing on the development and management of toll roads and bridges. The company primarily serves the Chinese market, leveraging its expertise to enhance transportation networks and infrastructure.
YTD Price Performance: -5.51%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $763.4M
See more data about 1052 stock on TipRanks’ Stock Analysis page.