HONG KONG, 20 November 2024 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘A-’ global scale Long-term Issuance Credit Rating to the senior unsecured bonds (“the Bonds”) to be issued by Taizhou Chemical New Materials Industry Development Group Co., Ltd. (“TCNMI”; ‘A-/Stable’).
TCNMI intends to use the net proceeds from this offering for project construction, trading business and supplement of working capital.