Wuchan Zhongda gets approval for up to CNY 60bn corporate bond issuance

Wuchan Zhongda Group Co., Ltd. recently announced that it received approval from the China Securities Regulatory Commission (CSRC) for the registration of its public issuance of corporate bonds to professional investors. The approval allows the company to publicly issue corporate bonds with a face value of no more than CNY 60 billion for maturities of one year or more, and short-term corporate bonds with a face value of no more than CNY 60 billion.

The company is required to strictly follow the prospectus submitted to the Shanghai Stock Exchange for this issuance. The approval is valid for 24 months from the registration date, during which Wuchan Zhongda can issue the corporate bonds in tranches.

Wuchan Zhongda Group is mandated to report any significant matters promptly and handle them according to relevant regulations from the registration date until the completion of this bond issuance. The The company will also fulfill information disclosure obligations as per laws and regulations.