China Galaxy Securities Bolsters Capital with New Issuance

China Galaxy Securities Co (DE:CGL) has released an update.

China Galaxy Securities Co., Ltd. has successfully issued the 2024 fourth tranche of short-term commercial paper, raising RMB3 billion with a 122-day term and a 1.91% coupon rate. The funds acquired will bolster the company’s working capital, following the shareholder-approved authorization for the board to issue debt financing up to 350% of the net capital.

For further insights into DE:CGL stock, check out TipRanks’ Stock Analysis page.

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