HONG KONG, 28 September 2023 – This replaces the press release published on 24 May 2023 to correct the name of the company to Jiangsu Zhongwu Urban Rural Investment Development Group Co., Ltd.
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 Jiangsu Zhongwu Urban Rural Investment Development Group Co., Ltd., (“JZURID”; ‘BBB’/Stable).
JZURID intends to use the net proceeds from this offering for project construction and supplement of working capital.