HONG KONG, 26 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 Nanxun Communications Investment Group Co., Ltd. (“NCIG”; ‘BBB/Stable’).
NCIG intends to use the net proceeds from this offering for debt repayment, project construction and supplement of working capital.