China Longyuan Power Group (HK:0916) has released an update.
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China Longyuan Power Group has successfully completed the issuance of RMB 2.6 billion in ultra short-term debentures, aiming to repay existing interest-bearing debts and bolster working capital for the issuer and its subsidiaries. With a term of 210 days and a coupon rate of 1.75%, the offering was managed by lead underwriter Industrial Bank Co., Ltd. This financial move is part of the company’s broader strategy following shareholder approval at the 2023 annual general meeting.
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