Beijing Energy International (00686) announced that on February 27, 2024, the company and China Merchants Securities signed a chief advisory agreement. China Merchants Securities will be appointed as the chief advisor to provide chief consulting services on the proposed issuance of non-financial corporate debt financing instruments and the proposed issuance of domestic exchange corporate bonds.
The company plans to launch a special asset support program. Asset-backed securities with a scale of about RMB 5 billion will be promoted and sold by China Merchants Securities, while China Merchants Securities Asset Management will be responsible for issuing and managing them. Asset-backed securities will be supported by the original equity holders and the underlying assets of Credit (Tianjin) (it is recommended to establish a special asset support plan). Regarding the issuance of asset-backed securities, the company will issue further announcements in accordance with the listing rules.