Huatie Emergency Equipment plans CNY 2bn bond issue

Zhejiang Huatie Emergency Equipment Science & Technology (SSE:603300) announced plans to issue corporate bonds not exceeding CNY 2 billion. The bonds are intended for professional investors and will not be offered to existing shareholders for priority subscription. The company intends to use the net proceeds from the issuance to repay existing debt and supplement its working capital. The specific terms of the bonds, including the maturity and interest rate, will be determined based on market conditions and consultation with the underwriter. The proposed bond issuance is subject to approval by shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. The board of directors will be authorized to manage details of the offering within preapproved guidelines.