Lanhua Sci-Tech successfully issues CNY 1bn in notes

Shanxi Lanhua Sci-Tech Venture (SSE:600123) announced the successful issuance of its second phase of medium-term notes for 2025. Registered under [中市协注[2024] MTN1033号, the issuance, which was finalized on April 15, 2025, raised CNY 1 billion with a maturity of 3 years and a coupon rate of 2.12%. The notes, designated as "25 Lanhua Technology MTN002" with code 102581620, were jointly underwritten by a consortium of banks led by Industrial Bank Co., Ltd., including China Everbright Bank Co., Ltd., and Postal Savings Bank of China Co., Ltd. Proceeds were received on April 17, 2025. Further details on the issuance can be found on the ChinaMoney website and the Shanghai Clearing House website.