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Shandong Molong: Planning to privately issue no more than 200 million yuan in corporate bonds

MarsBitNews
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Mars Finance News, June 21 — Shandong Molong (002490.SZ) announced that, to further expand its financing channels, improve its debt structure, and prevent funding risks, based on the company’s actual situation, it plans to privately issue corporate bonds to professional investors of no more than 200 million yuan (inclusive). The proceeds will be used to repay the company’s and its subsidiaries’ interest-bearing liabilities and for other purposes permitted by laws and regulations. In addition, the company plans to privately issue extendable/renewable corporate bonds to professional investors of no more than 200 million yuan (inclusive). The raised funds are intended to support the development of small and micro enterprises in the upstream and downstream of the industrial chain or enterprises related to its business operations through methods such as paying advance payments or settling payable amounts. (Company Announcement)
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