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CNBM (03323) plans to issue bonds not exceeding 2 billion yuan.
CNBM (03323) issued an announcement, CNBM Co., Ltd. (hereinafter referred to as the "Issuer" or "Company"...
Citi: Maintains a 'buy' rating on cnbm, plans to repurchase, which is considered bullish news.
Citi released a research report stating that cnbm (03323) and its subsidiary china jushi co., ltd (600176.SH) saw a rise in stock prices earlier. cnbm has taken action at both the parent company and subsidiary levels, demonstrating its commitment to shareholder value management, and believes the relevant impact is positive, maintaining the "buy" rating for the aforementioned companies. The report mentions that cnbm previously announced a cash offer with attached preconditions, planning to repurchase up to approximately 0.841 billion H shares at 4.03 HKD per H share. The firm believes that the fiberglass industry has emerged from its low point, with profitability improving as prices recover in the fourth quarter, and cnbm plans to increase its shareholding.
ubs group: cnbm's buyback brings positive surprises, and it is expected that investors will respond positively.
UBS Group released a research report stating that cnbm (03323) has brought a positive surprise through repurchases. The company plans to repurchase approximately 0.841 billion H shares, at a price of 4.03 Hong Kong dollars per share. If the offer is fully accepted, the total amount involved would be approximately 3.392 billion Hong Kong dollars. The bank pointed out that considering the substantial repurchase amount and reasonable repurchase premium, it is expected that investors will react positively to the potential repurchase of cnbm. Although cnbm has not disclosed detailed plans for the repurchase funds, it is anticipated that the company's state-owned background will ensure a more abundant source of funds for the repurchase.
CNBM: To Fund Buyback Via Borrowing And/or Internal Resources
CNBM: Offer Price of HK$4.03 a Share Represents 15% Premium to Shares' Last Closing Price
CNBM: Offer Conditional on Passing of Special Resolutions, Approval at EGM, Other
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