CHINARES PHARMA Subsidiary Double-Crane Issues Up to RMB 1 Billion Corporate Bonds

Stock News03-26

CHINARES PHARMA (03320) has announced that its non-wholly owned subsidiary, China Resources Double-Crane Pharmaceutical Co., Ltd., has issued the first tranche of corporate bonds (2026 bonds) in China to qualified investors. The total principal amount does not exceed RMB 1 billion, with a maturity of three years and an annual interest rate of 1.65%. The net proceeds from the issuance of the first tranche of 2026 corporate bonds will be used to repay interest-bearing debt and supplement working capital.

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