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United Energy Group ( (HK:0467) ) has provided an update.
United Energy Group Limited has announced a proposed international offering of USD denominated senior notes, which will be offered outside the United States in compliance with Regulation S under the Securities Act. The proceeds from this offering are intended for general corporate purposes, including capital expenditure in the company’s existing oil and gas portfolio. The notes are expected to be listed on the International Securities Market of the London Stock Exchange, targeting professional investors. However, the completion of the purchase agreement is subject to certain conditions, and there is no guarantee that the proposed notes issue will materialize.
The most recent analyst rating on (HK:0467) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on United Energy Group stock, see the HK:0467 Stock Forecast page.
More about United Energy Group
United Energy Group Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It operates in the energy sector, focusing on oil and gas, and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 61.39%
Average Trading Volume: 90,330,555
Technical Sentiment Signal: Hold
Current Market Cap: HK$13.25B
See more insights into 0467 stock on TipRanks’ Stock Analysis page.