HONG KONG, 23 April 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 Yimeng Industrial Group Co., Ltd. (“SYIG”; ‘BBB’/Stable)’s indirect wholly-owned subsidiary, Yisheng (BVI) International Co., Ltd, which is unconditionally and irrevocably guaranteed by SYIG.
SYIG intends to use the net proceeds from this offering for project construction, trade procurement and supplement of working capital.