HONG KONG, 12 March 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 Shandong Yihe Holding Group Co., Ltd. (“SYHG”; ‘BBB’/Stable)’s indirect wholly-owned subsidiary, Yixin Innovation Technology Company., Limited, which is unconditionally and irrevocably guaranteed by SYHG.
SYHG intends to use the net proceeds from this offering for project construction and supplement of working capital.