Zhuhai Port receives approval for technology innovation bonds

Zhuhai Port Co. announced it has received approval from the China Securities Regulatory Commission (CSRC) for its registration application to publicly issue technology innovation corporate bonds to professional investors. The approval allows the company to issue bonds with a total face value not exceeding 1 bn yuan.

This decision follows resolutions from the company's tenth board of directors' forty-first meeting on March 24, 2023, and the second extraordinary general meeting on April 11, 2023. The registration approval is valid for 24 months from the date of consent, during which the company can issue the bonds in tranches.

Zhuhai Port is mandated to strictly adhere to the prospectus submitted to the Shenzhen Stock Exchange and will issue the bonds opportunistically based on funding needs and market conditions. The company will also promptly disclose information regarding the progress of the issuance.