HONG KONG, 8 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 Shengcheng Culture and Tourism Group International Trade Co., Ltd. (“Shengcheng International”), a subsidiary 100% indirectly owned by Zoucheng Shengcheng Cultural and Tourism Group Co., Ltd. (“ZCSCT”; ‘BBB’/Stable).
ZCSCT intends to use the net proceeds from this offering for project construction and supplement of working capital.