HONG KONG, 26 June 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the proposed CNY Guaranteed Bonds (“the Bonds”) to be issued by Taixing Runjia Holdings Ltd. (“TRH”, ‘BBB/Stable’). The Bonds are unconditionally and irrevocably guaranteed by Taizhou Chemical New Materials Industry Development Group Co., Ltd. (“TCNMI”, ‘A-/Stable’).
TRH intends to use the net proceeds from this offering for project construction, leasing and trading business and replenishing working capital.