China Everbright Water (01857) announced that the company proposed issuing asset-backed securities with a principal amount of RMB 2 billion. The issue price will be based on the face value of the asset-backed securities, or RMB 100/copy.
The board of directors believes that the proposed issuance of asset-backed securities will supplement the working capital of the company and its subsidiaries, help optimize the Group's financing structure and maintain financial costs at a reasonable level.