Datang Environment secures debt financing, halts asset sale

Datang Environment Industry Group Co., Ltd. has obtained approval from the National Association of Financial Market Institutional Investors (NAFMII) for the registration of debt financing instruments in 2024. The registration limit expires on March 11, 2026.

This includes super short-term commercial paper (SCP) of no more than RMB3 billion, short-term commercial paper of no more than RMB2 billion, and medium-term notes of no more than RMB1 billion. The proceeds will be utilized for working capital, project investments, and debt repayment. Issuance periods range from 270 days for SCP to up to one year for commercial paper and medium-term notes. The board intends to continue applying to NAFMII for these registrations.

In other news, Datang Environment has ceased its potential disposal of concession assets through public tender. As of the announcement date, no potential bidder was identified, leading to an unsuccessful bidding process. The company will not proceed with this particular potential disposal and will make further announcements on any future developments regarding the disposal of these assets. Shareholders and potential investors are advised to exercise caution.