China Longyuan Power Group (HK:0916) has released an update.
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China Longyuan Power Group has successfully issued ultra short-term debentures worth RMB1.0 billion, with a coupon rate of 1.68% and a term of 179 days. The funds raised will be utilized to enhance working capital or repay the company’s interest-bearing debts. This strategic move demonstrates the company’s proactive approach in managing its financial resources.
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