Summary by Moomoo AI
On July 10, 2024, Yuexiu Property announced that its subsidiary, Guangzhou City Urban Construction and Development Co., Ltd. (the "Issuer"), has obtained registration approval from the China Securities Regulatory Commission and will publicly issue no more than 1.5 billion yuan of enterprise bonds (first tranche) to professional investors. The bonds are divided into two categories, a 5-year term and a 10-year term, with a face value interest rate of 2.25% and 2.75%, respectively. The bonds will be issued to professional investors through off-line methods on July 11-12, 2024. The announcement states that all board members guarantee that the announcement is true, accurate, and complete, without false records, misleading statements or material omissions.