CGS (06881) Receives CSRC Approval for Up to RMB 30 Billion Corporate Bond Issuance

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CGS (06881) Receives CSRC Approval for Up to RMB 30 Billion Corporate Bond Issuance

Stock News01-13

CGS (06881) has announced that it recently obtained approval from the China Securities Regulatory Commission (CSRC). The approval grants the company permission to register for a public issuance of corporate bonds with a total face value not exceeding RMB 30 billion to professional investors. The approval is valid for a period of 24 months. The company may issue the corporate bonds in tranches within this validity period. CGS will proceed with the relevant matters for the bond issuance in accordance with applicable laws and regulations, the requirements of the approval, and the authorization from its board of shareholders, and will fulfill its information disclosure obligations in a timely manner.

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