China Longyuan Power Group (HK:0916) has released an update.
China Longyuan Power Group has successfully issued ultra short-term debentures totaling RMB 1.5 billion with a 1.75% coupon rate, to be used mainly for replenishing daily working capital and repaying debt. The 85-day debentures were underwritten by Shanghai Pudong Development Bank Co., Ltd. This strategic financial move aims to strengthen the company’s liquidity and overall financial health.
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