Genertec Universal Medical Plans New Note Issuance

Genertec Universal Medical Group Company (HK:2666) has released an update.

Genertec Universal Medical Group’s subsidiary, China Universal Leasing, is set to issue its second tranche of domestic medium-term notes worth up to RMB 0.5 billion in the PRC. These notes, aimed at domestic institutional investors, will have a three-year term and a fixed interest rate determined at the end of the subscription period. The proceeds will be used to repay maturing debts, signaling a strategic move to manage financial obligations efficiently.

For further insights into HK:2666 stock, check out TipRanks’ Stock Analysis page.