China State Construction Issues 2 Billion Yuan of Medium-Term Bonds
China State Con International's subsidiary completed the issuance of 2 billion yuan medium-term notes.
On July 25, Geelong Hui reported that China State Con International (03311.HK) announced that its subsidiary, China State International Investment Group Co. Ltd. ("Issuer"), completed the public issuance of the second medium-term notes for the year 2024 to professional investors in the Mainland of China on July 19, 2024. The total principal amount of the notes is RMB 2 billion, with a term of 5 years and a coupon rate of 2.30%. Both the Issuer and the notes obtained the "AAA" credit rating of the joint credit rating agency, China Chengxin International Credit Rating Co., Ltd.
Major Bank Rating | Haitong International: Raises China State Con's target price to HKD 14.7, and ROE and operating cash flow continue to improve.
Haitong International released a research report indicating that the ROE of China State Con for the 2023 fiscal year reached 15.3%. Operating cash flow turned positive, reaching HKD 0.5 billion. The management is confident about further improvement of ROE and operating cash flow. More and more MiC technology (modular integrated construction) related projects are driving business growth in the Hong Kong and Macao regions, and the development of the Northern Metropolis has also brought new commercial contracts to the company. The group's target for the 2024 fiscal year is to sign new contracts amounting to no less than HKD 210 billion, maintain double-digit growth in net income, maintain a dividend payout ratio of about 30%, and expect a proportion of technology-related businesses that will not be less than.
China State Construction Engineering (SHSE:601668) Shareholders Have Earned a 9.9% CAGR Over the Last Three Years
China State Construction Engineering Corporation's operational report for the period from January to June in 2024.
Express News | China State Construction Engineering Says Jan-June Contracts up 10% Y/Y
China State Construction Engineering Corporation (601668.SH): The total amount of newly signed contracts from January to June was 247.97 billion yuan, a year-on-year increase of 10%.
China State Construction Engineering Corporation (601668.SH) released its operating results for January to June, with a total new contract amount of 247.97 billion yuan, an increase of 10% year-on-year.
China State Construction Engineering's Consortium Bags $2.08 Saudi Arabia Project
Express News | China State Construction Engineering Says It and El Seif Engineering's Consortium Wins Project in Saudi Arabia Worth About $2.1 Bln
Express News | Saudi's Diriyah Signs $2 Bln Contract With El-Seif Engineering Contracting Company and China State Construction Engineering Corporation to Develop Diriyah -State News Agency
Beijing Qianjing Landscape (603778.SH): signed a single-supplier contract for heterojunction photovoltaic components for the Zhongluoianqi 4 million kilowatt photovoltaic II section project.
On July 4th, GeLongHui reported that Beijing Qianjing Landscape Technology (603778.SH) announced that its subsidiary, Anhui Guojing New Energy Technology Co., Ltd., signed a contract with the Second Construction Engineering Bureau of China State Construction Engineering Corporation for the supply of heterojunction photovoltaic modules for the Zhonglüdian Ruochang 4 million kilowatt photovoltaic II bid project. The contract amount is RMB 164 million (including tax).
China State Con International (03311.HK) subsidiary, CCCG International Investment, has entered into a factoring arrangement.
On June 28th, Gelunhui announced that China State Con International (03311.HK) had made a factoring arrangement with China State Con International Investment (an indirect wholly-owned subsidiary of the company), and on the same day, China State Con International Investment (1) entered into an accounts receivable transfer agreement with Zibo Haixin, and (2) entered into a factoring agreement with China State Conmercial Factoring regarding the transfer of accounts receivable to it. China State Conmercial Factoring (a) provided RMB 130 million (equivalent to approximately HKD 143 million) in principal to China State Con International Investment at a discount rate of 90.28% and in accordance with the factoring agreement from the date of withdrawal.
China State Construction Engineering Corporation (601668.SH) has won a total of RMB 38.82 billion worth of major projects.
On June 26th, Gelonhui reported that China State Construction Engineering Corporation (601668.SH) announced that it has recently obtained a total of 38.82 billion yuan in major projects, accounting for 1.7% of the audited revenue for the year 2023.
Investors Don't See Light At End Of China State Construction Engineering Corporation Limited's (SHSE:601668) Tunnel
China State Construction Engineering Corporation (601668.SH) will distribute a dividend of 0.27145 yuan per share for the year 2023, with the record date on June 26th.
China State Construction Engineering Corporation (601668.SH) has released an announcement that the company will implement annual equity distribution in 2023, with distribution of RMB per share.
China State Construction Engineering Signs 181 Million Yuan Worth of Contracts in January-May
China State Construction Engineering Corporation's operational status report for January to May 2024.
Express News | China State Construction Engineering Says Jan-May Contracts up 12% Y/Y
China State Construction Engineering Corporation (601668.SH): Subsidiaries plan to invest in real estate development projects in Chaoyang District, Peking.
China State Construction Engineering Corporation (601668.SH) announced that the company's board of directors approved its subsidiary, China State Construction Engineering Corporation Bureau (Group) to...
China State Con (03311): Liang Haiming resigns as an independent non-executive director.
Zhongguo Jianzhu Guoji (03311) announced that Liang Haiming, who has served the board of directors for more than nineteen years, retired on a rotational basis at the annual general meeting of shareholders. He was eligible for re-election, but was not re-elected at the annual general meeting of shareholders. Dr. Liang's resignation will take effect at the end of the shareholders' annual general meeting held on June 6, 2024. With his departure, Dr. Liang will no longer serve as chairman of the company's remuneration committee, as well as member of the audit committee, nomination committee and sustainable development committee.
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