Hi Sun Technology Issues RMB169 Million in Phase 3 Asset-Backed Securities

Hi Sun Technology (China) Limited ( (HK:0818) ) just unveiled an announcement.

Hi Sun Technology (China) Limited has launched Phase 3 of its Suixin Cloud Chain-E Credit Supply Chain Financial Asset-backed Special Scheme in mainland China, issuing RMB169 million of asset-backed securities backed by factoring loan receivables. The ABS are split into a AAAsf-rated priority tranche of RMB143 million, listed for trading on the Shanghai Stock Exchange and placed with qualified institutional investors, and a subordinated tranche of RMB26 million subscribed by Ronghui Zhida Factoring or its affiliates, with underlying assets remaining consolidated on the group’s balance sheet.

Proceeds from the transaction will primarily support general working capital for the group’s fintech services business, a move the board says will diversify funding channels and lower capital costs while optimising the company’s financing structure. Directors emphasise that the ABS issuance should not have a material adverse financial impact on the group or shareholders’ interests and characterise the deal as non-price-sensitive, positioning it as a routine funding exercise within the company’s broader capital management strategy.

More about Hi Sun Technology (China) Limited

Hi Sun Technology (China) Limited is a Bermuda-incorporated investment holding company whose subsidiaries focus on payment and digital services, fintech services, platform operation solutions and financial solutions in mainland China. The group’s fintech segment leverages supply chain finance and asset securitisation to support its working capital and operational growth needs.

Average Trading Volume: 1,073,560

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.11B

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