HONG KONG, 4 August 2023 – 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 Heshan Public Asset Management Co., Ltd. (“HPAM”; ‘BBB-’/Stable).
HPAM intends to use the net proceeds from this offering for project construction and supplement of working capital.