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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Molybdenum Co., Ltd.    3993   CNE100000114

CHINA MOLYBDENUM CO., LTD.

(3993)
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China Molybdenum : RESULTS OF THE ISSUANCE OF THE 2020 FIRST TRANCHE SUPER SHORT-TERM FINANCING INSTRUMENTS

02/28/2020 | 07:40am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Stock Code: 03993)

RESULTS OF THE ISSUANCE OF THE 2020 FIRST TRANCHE

SUPER SHORT-TERM FINANCING INSTRUMENTS

This announcement is made by China Molybdenum Co., Ltd.* (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

We refer to the announcement dated 12 April 2019 in relation to the acceptance of registration of super short-term financing instruments of the Company, the announcement of the Company dated 28 April 2019 in relation to the results of the issuance of the 2019 first tranche super short-term financing instruments, the announcement of the Company dated 5 August 2019 in relation to the results of the issuance of the 2019 second tranche super short-term financing instruments and the announcement of the Company dated 18 October 2019 in relation to the results of the issuance of the 2019 third tranche super short-term financing instruments, and the announcements of the Company dated 29 March 2018 and 25 May 2018 and the circular of the Company dated 23 April 2018 in relation to, among other things, the proposed issuance of debt financing instruments.

- 1 -

  1. REGISTRATION OF THE SUPER SHORT - TERM FINANCING INSTRUMENTS
    In accordance with the notice of acceptance of registration issued on 10 April 2019 (Zhong Shi Xie Zhu [2019] SCP No. 99) (the "Notice") from the National Association of Financial Market Institutional Investors (the "Association"), the Association accepted the registration of the Company's super short-term financing instruments. Pursuant to the Notice, the registration of the Company's super short-term financing instruments in a principal amount of RMB6 billion will be valid for a period of two years from the issuance date of the Notice (namely 10 April 2019). The Company may issue the super short-term financing instruments in tranches during the effective period of registration, and shall file with the Association before making any issuance which is required to be filed after the registration. Upon completion of the issuance, the results of issuance shall be disclosed through channels recognized by the Association.
  1. ISSUANCE OF THE SUPER SHORT-TERM FINANCING INSTRUMENTS
    In accordance with the Notice, the Company successfully issued the 2020 first tranche of super short-term financing instruments. The issuance results are as follows:

Particulars of the issuance

Name

China

Abbreviation

20 CMOC

Molybdenum

SCP001

Co., Ltd. 2020

first tranche

super short-

term financing

instruments

Code

012000559

Term

180 days

Interest

28 February 2020

Payment date

26 August 2020

commencement

date

Total amount

RMB1.00 billion

Total amount of

RMB1.00 billion

of the proposed

actual issuance

issuance

Coupon

3.10%

Issue price

RMB100 per note

(RMB100 face

value)

- 2 -

Application for subscription

Number of

12 units

Qualified

RMB1.81 billion

qualified

subscription

applicants for

amount

subscription

Highest

3.78%

Lowest

2.90%

subscription price

subscription price

Number of valid

10 units

Amount of valid

RMB1.00 billion

subscription

subscription

applicants

Bookrunner

China Minsheng Banking Corp., Ltd.

Lead underwriter

China Minsheng Banking Corp., Ltd.

The Company will make further announcement(s) to keep shareholders and prospective investors informed of the progress of the issuance of the super short- term financing instruments.

By Order of the Board

China Molybdenum Co., Ltd.*

Li Chaochun

Chairman

Luoyang City, Henan Province, the PRC, 28 February 2020

As at the date of this announcement, the Company's executive directors are Mr. Li Chaochun and Mr. Li Faben; the Company's non-executive directors are Mr. Guo Yimin, Mr. Yuan Honglin and Mr. Cheng Yunlei; and the Company's independent non-executive directors are Mr. Wang Gerry Yougui, Ms. Yan Ye and Mr. Li Shuhua.

  • For identification purposes only

- 3 -

Disclaimer

China Molybdenum Co. Ltd. published this content on 28 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2020 12:39:04 UTC


© Publicnow 2020
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Sales 2020 105 B 16 065 M 16 065 M
Net income 2020 2 264 M 346 M 346 M
Net Debt 2020 25 157 M 3 846 M 3 846 M
P/E ratio 2020 28,4x
Yield 2020 1,49%
Capitalization 91 788 M 14 030 M 14 031 M
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Nbr of Employees 11 183
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Mean consensus BUY
Number of Analysts 14
Average target price 3,44 CNY
Last Close Price 3,05 CNY
Spread / Highest target 66,9%
Spread / Average Target 12,8%
Spread / Lowest Target -17,6%
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NameTitle
Rui Wen Sun President
Hong Lin Yuan Chairman
You Min Kou Chairman-Supervisory Board
Mei Feng Gu Chief Financial Officer
Chao Chun Li Vice Chairman & Joint Secretary