Jinwu Financial News | Chenming Paper (01812) issued an announcement. The board of directors of the company is pleased to announce that it will approve the issuance of corporate bonds not exceeding 2 billion yuan (including 2 billion yuan) or foreign currency equivalent by the company or its overseas wholly-owned subsidiary, using the method of issuing them in one installment or instalment. The specific amount is subject to the amount reviewed or registered by the relevant state departments. The Company or other unrelated parties provide guarantees or other credit enhancement measures for this offering. The guarantee amount shall not exceed RMB 2 billion (including RMB 2 billion).
The company stated that the issuance of foreign bonds is subject to approval by the Company's shareholders in the form of a special resolution at the 2023 Annual General Meeting of Shareholders to be held by the Company on May 14, 2024. A circular containing (i) details of the issuance of foreign bonds; and (ii) the notice of the Annual General Meeting of Shareholders will be sent to shareholders as soon as practicable.