HONG KONG, 25 September 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 Zhongchuang (HK) Technology Company Limited (“ZCHK”), a subsidiary 100% directly owned by Zhejiang Qiantang River Investment Development Co., Ltd. (“ZQRID”; ‘BBB-’/Stable).
ZQRID intends to use the net proceeds from this offering for project construction and supplement of working capital.