Industrial Securities gets nod for CNY 20 bn public bond issuance

Industrial Securities Co., Ltd. announced today that it has received approval from the China Securities Regulatory Commission (CSRC) for the registration of its public issuance of corporate bonds to professional investors. The approval permits the company to issue corporate bonds with a total face value not exceeding CNY 20 billion.

The issuance will be conducted in strict accordance with the prospectus submitted to the Shanghai Stock Exchange. The registration approval is valid for 24 months from the date of consent, allowing the company to issue the corporate bonds in installments within this period.

Industrial Securities is required to promptly report any significant matters occurring between the approval date and the conclusion of the bond issuance, handling them according to relevant regulations. The company will manage all aspects of this public bond issuance in compliance with legal regulations, approval requirements, and authorization from its shareholders' meeting, while fulfilling its information disclosure obligations.