HONG KONG, 25 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 Jiantou International (Hong Kong) Co., Ltd. (“JIHK”), a subsidiary 90% indirectly owned by Jiande State-owned Assets Investment Holding Group Co., Ltd. (“JSAI”; ‘BBB’/Stable).
JSAI intends to use the net proceeds from this offering for project construction and supplement of working capital.