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Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ) has shared an update.
Shanghai Industrial Urban Development Group Ltd announced the successful issuance of its 2025 corporate bonds (Phase I) through its subsidiary, Shanghai Urban Development (Holdings) Co., Ltd. The issuance, amounting to RMB1,150,000,000, is aimed at professional institutional investors and is expected to result in significant financial cost savings for the Group. This move reflects the capital market’s confidence in the Group’s capabilities and brand image, and the funds raised will be used to replace internal funds previously used for repaying maturing corporate bonds.
The most recent analyst rating on (HK:0563) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shanghai Industrial Urban Development Group Ltd stock, see the HK:0563 Stock Forecast page.
More about Shanghai Industrial Urban Development Group Ltd
Shanghai Industrial Urban Development Group Ltd is a company incorporated in Bermuda with a focus on urban development. It operates primarily through its subsidiary, Shanghai Urban Development (Holdings) Co., Ltd., which is based in the People’s Republic of China and is involved in the issuance of corporate bonds.
Average Trading Volume: 2,556,882
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.58B
Find detailed analytics on 0563 stock on TipRanks’ Stock Analysis page.