Summary by Moomoo AI
China Longyuan Power Group Co., Ltd. ("Longyuan Power") announced that it has completed the issuance of ultra-short-term financing bonds on July 11, 2024, raising a total of RMB 1 billion. The financing bond has a term of 180 days, a face value unit of RMB 100, and a coupon rate of 1.73%. The interest is calculated from the date of issue. China Everbright Bank Co., Ltd. served as the lead underwriter for this issuance. The proceeds will mainly be used to repay the issuer and its subsidiary's interest-bearing debts and supplement working capital. This issuance was conducted with approval from shareholders based on the voting results of the 2023 shareholder meeting. Longyuan Power's executive directors include Mr. Gong Yufei and Mr. Wang Liqiang, non-executive directors include Mr. Tang Chaoxiong and others, and independent non-executive directors include Mr. Wei Mingde and others.