HONG KONG, 8 February 2024– Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the senior unsecured bonds (“the Bonds”) to be issued by Haiyang State-owned Capital Operation Group Co., Ltd. (“HSCOG”; ‘BBB/Stable’).
HSCOG intends to use the net proceeds from this offering for project construction and supplement of working capital.