Xinao Group: plans to issue asset-backed special plans not exceeding 4.5 billion yuan.

On February 2nd, XinAo Group announced that its wholly-owned subsidiary, XinAo Energy Investment Co., Ltd., plans to use the Zhoushan LNG pipeline assets held by its subsidiary, XinAo Natural Gas Pipeline Co., Ltd., as underlying assets to apply for the registration and issuance of an asset-backed special plan of no more than 4.5 billion yuan on the Shanghai Stock Exchange.