HONG KONG, 10 November 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 Mixin International Trading Co., Limited, an indirect wholly-owned subsidiary of Shandong Mingshui Guokai Development Group Co., Ltd. (“SMGD”; ‘BBB-’/Stable). The Bonds are unconditionally and irrevocably guaranteed by SMGD.
SMGD intends to use the net proceeds from this offering for project construction, trading business and supplement of working capital.