HONG KONG, 22 July 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 Zoucheng Hengtai Holding Group Co., Ltd.’s (“ZHHG”; ‘BBB/Stable’) wholly-owned subsidiary.
ZHHG intends to use the net proceeds from this offering for project construction and supplement of working capital.