CMOC Group Authorizes Massive Cash Management Investments and Subsidiary Guarantees
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CMOC Group has received board authorization to utilize up to RMB20 billion of internal funds for short-term structured deposits and an additional RMB20 billion for wealth management products to enhance cash returns. The chairman or CFO is also authorized to provide guarantees for subsidiary loans and liabilities, capped at RMB90 billion. These actions aim to optimize cash management and support subsidiary financing, potentially improving liquidity. The latest analyst rating for CMOC Group (HK:3993) is a Buy with a price target of HK$25.00.
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