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LHN(01730)启动在ADDX数字证券平台发售最多500万新加坡元001系列商业票据

LHN (01730) launches sale of up to 5 million SGD 001 series commercial paper on ADDX digital securities platform

Zhitong Finance ·  Mar 19 10:41

LHN (01730) announced that the company has authorized the ADDX Pte. Ltd. (ADDX) An...

Zhitong Finance App News, LHN (01730) announced that the company has authorized the ADDX Pte. Ltd. (ADDX) arranged a debt issuance program to issue unsecured commercial paper of up to SGD 10 million. Today, the company is starting the first sale of LHN commercial paper (001 series commercial paper), with an annual interest rate of 6%, which expires five (5) months from the date of issue of the relevant notes. It is anticipated that the 001 series commercial paper will be issued to accredited investors and institutional investors, and will be issued at ADDX Pte. Listed on a digital securities platform operated by Ltd. (or its successor company or transferee company). As a capital market service licensee and authorized market operator that can trade capital market products and provide escrow services, ADDX Pte. Ltd. is regulated by the Monetary Authority of Singapore.

According to the announcement, ADDX Exchange conditionally approved the planned commercial paper listing on March 19, 2024. The company expects to raise up to SGD 5 million from the 001 series commercial paper, and the net proceeds will be used for general working capital and the expansion of the Group's Coliwoo business in Singapore.

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