Ganghua Smart Energy (01083) issued an announcement. According to the special asset support plan to be applied for registration on the Shenzhen Stock Exchange, several...
According to the Zhitong Finance App, Ganghua Smart Energy (01083) issued an announcement. According to the special asset support plan to be registered with the Shenzhen Stock Exchange, certain asset-backed securities will only be issued to qualified professional institutional investors in accordance with the “Shenzhen Stock Exchange Asset-Backed Securities Business Rules” (which may be distributed in the form of shelves from time to time) and traded between eligible professional institutional investors in accordance with the Shenzhen Stock Exchange's bond trading rules. According to the special asset support plan, the Group may from time to time sell the shares of some subsidiaries engaged in rooftop photovoltaic power generation and energy storage power plant project business in China and shareholder loans (if any) owed by such subsidiaries to the manager of the special asset support plan (representing the special asset support plan). Whether the asset-backed special scheme will be successfully established and whether any related sale will be implemented depends (among other things) on whether a letter of no objection from the Shenzhen Stock Exchange can be obtained and whether qualified professional institutional investors will be able to fully subscribe to asset-backed securities.
