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The latest update is out from China Longyuan Power Group ( (HK:0916) ).
China Longyuan Power Group has successfully completed the issuance of ultra short-term debentures worth RMB1.5 billion, with a 120-day term and a coupon rate of 1.63%. The proceeds from this issuance will be used to replace existing interest-bearing debt and to replenish working capital, potentially strengthening the company’s financial position and operational efficiency.
The most recent analyst rating on (HK:0916) stock is a Buy with a HK$8.80 price target. To see the full list of analyst forecasts on China Longyuan Power Group stock, see the HK:0916 Stock Forecast page.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a leading company in the renewable energy industry, primarily focused on the development and operation of wind power projects. It is a significant player in the Chinese market, contributing to the country’s renewable energy goals.
Average Trading Volume: 29,012,224
Technical Sentiment Signal: Buy
Current Market Cap: HK$119B
For a thorough assessment of 0916 stock, go to TipRanks’ Stock Analysis page.