China Longyuan Power Group (HK:0916) has released an update.
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China Longyuan Power Group has successfully issued RMB2 billion in mid-term notes with a 1.85% coupon rate, maturing in three years. The funds will be used to boost daily operations and repay debts, marking a strategic move in managing their financial resources. This issuance was backed by major financial entities, including China Merchants Bank and Industrial and Commercial Bank of China.
For further insights into HK:0916 stock, check out TipRanks’ Stock Analysis page.
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