Hubei Chutian Smart Communication (600035.SH) plans to publicly issue corporate bonds of no more than RMB3.5 billion.

Hubei Chutian Smart Communication (600035.SH) announced that the company plans to publicly issue corporate bonds with a total issuance size of no more than RMB3.5 billion (inclusive), with a term of no more than 10 years (inclusive), which may be a single-tranche product or a mixed product with multiple tranches. After deducting issuance expenses, the proceeds are intended to be used by the company and its subsidiaries to supplement working capital, repay existing interest-bearing liabilities, fund fixed asset investments, finance mergers and acquisitions and asset restructurings, make capital contributions to and increase capital in subsidiaries (or funds), invest in specific sectors, and for other purposes that comply with regulations.