tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

China Everbright Engages Underwriters for RMB20 Billion Debt Issue

Story Highlights
  • China Everbright partners with Everbright Bank and Securities for debt issuance.
  • The RMB20 billion debt issue is a connected transaction, requiring reporting but not shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Everbright Engages Underwriters for RMB20 Billion Debt Issue

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from China Everbright ( (HK:0165) ) is now available.

China Everbright Limited has entered into underwriting agreements with Everbright Bank and Everbright Securities for the issuance of debt financing instruments worth up to RMB20 billion. These agreements, considered connected transactions due to the association with CE Group, are subject to reporting requirements but do not require independent shareholder approval. The proposed issuance is contingent on certain conditions, and stakeholders are advised to exercise caution.

More about China Everbright

China Everbright Limited is a Hong Kong-incorporated company engaged in the financial services industry, focusing on investment and asset management. It operates under the umbrella of CE Group, which holds a significant stake in the company.

Average Trading Volume: 35,441,029

Technical Sentiment Signal: Buy

Current Market Cap: HK$17.12B

Learn more about 0165 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

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