Jinqiao Development gets green light for RMB2.3 bn bond issue

Shanghai Jinqiao Export Processing Zone Development Co., Ltd. announced it has received approval from the China Securities Regulatory Commission (CSRC) for the public issuance of corporate bonds to professional investors. The CSRC's approval allows the company to issue corporate bonds with a total face value not exceeding RMB2.3 billion.

The approval is valid for 24 months from the registration date, allowing the company to issue bonds in installments. The issuance must strictly adhere to the prospectus submitted to the Shanghai Stock Exchange.

Shanghai Jinqiao Export Processing Zone Development is mandated to promptly report any significant events occurring before the completion of this bond issuance and handle them according to relevant regulations. The company will manage all aspects related to the bond issuance and fulfill its information disclosure obligations within the stipulated validity period.