HONG KONG, 19 January 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 Longkou Gangcheng Investment Development and Construction Group Co., Ltd. (“LKGI”; ‘BBB+’/Stable)’s indirect wholly-owned subsidiary, Longjin (BVI) International Limited, which is unconditionally and irrevocably guaranteed by LKGI.
LKGI intends to use the net proceeds from this offering for project construction and supplement of working capital.