Zhongsheng Group Cleared for Multi-Billion Panda Bonds

Zhongsheng Group Holdings Ltd. (HK:0881) has released an update.

Zhongsheng Group Holdings Limited has announced the approval of their application by the National Association of Financial Market Institutional Investors to register debt financing instruments worth up to RMB 5 billion, known as ‘Panda Bonds.’ The company is now authorized to issue these bonds in phases over the next two years, although the final decision to proceed will depend on market conditions. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s securities.

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