Hi Sun Technology Announces Asset-Backed Securities Issuance

Hi Sun Technology (China) Limited ( (HK:0818) ) has provided an announcement.

Hi Sun Technology (China) Limited has announced the issuance of asset-backed securities (ABS) through its subsidiary, Ronghui Zhida Factoring, under the Suixin Cloud Chain-E Credit Supply Chain Financial Asset-backed Special Scheme. The ABS, which are backed by factoring loan receivables, have a maximum issue size of RMB2 billion and will be issued in multiple tranches. The first phase, with an issue size of RMB335 million, has been established, with the priority tranche to be traded on the Shanghai Stock Exchange. This move aims to widen the company’s fund-raising channels, providing low-cost capital to improve its financing structure and support its fintech services business. The board believes the issuance will not adversely impact the company’s financial position or shareholder interests.

More about Hi Sun Technology (China) Limited

Hi Sun Technology (China) Limited is an investment holding company incorporated in Bermuda with limited liability. Together with its subsidiaries, the company is primarily engaged in providing payment and digital services, fintech services, platform operation solutions, and financial solutions.

YTD Price Performance: -8.57%

Average Trading Volume: 893,398

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$888.6M

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