HONG KONG, 26 May 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB+’ global scale Long-term Issuance Credit Rating to the proposed CNY Guaranteed Bonds (“the Bonds”) to be issued by Taizhou Zhongtian New Energy Industry Development Co., Ltd. (“TZNEID”; ‘BBB-/Stable’) and unconditionally and irrevocably guaranteed by Taizhou Hailing Urban Development Group Co., Ltd. (“THUD”).
TZNEID intends to use the net proceeds from this offering for projects construction and replenishment of working capital.