CGS Successfully Issues Ninth Tranche of 2026 Short-Term Financing Notes

Stock News06-23

CGS (06881) has announced the successful completion of its issuance of the ninth tranche of short-term financing notes for the year 2026.

This issuance follows the approval granted at the company's first extraordinary general meeting of shareholders in 2025, held on February 17, 2025. At that meeting, shareholders authorized the board of directors to issue debt financing instruments, with a total issuance scale not exceeding 350% of the company's most recent audited net assets.

Pursuant to this shareholder authorization, the company completed the issuance of this tranche of notes on June 23, 2026. The issuance scale for this tranche is RMB 4 billion, with a par value and issue price of RMB 100 per unit.

The notes have a term of 365 days and carry a final coupon rate of 1.53%. The funds raised from this issuance will be utilized to supplement the company's working capital.

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