Hefei Urban Construction: Wholly-owned subsidiary Industrial Technology plans to issue mid-term notes not exceeding 800 million yuan.

date
12/08/2026
Hefei Urban Construction Announcement: The 38th meeting of the eighth board of directors of the company reviewed and approved the proposal regarding the issuance of medium-term notes by its wholly-owned subsidiary. The wholly-owned subsidiary, Industrial Technology, plans to issue medium-term notes totaling no more than RMB 800 million, with a term of no more than 3 years. The funds raised will mainly be used for repaying interest-bearing debts, supplementing working capital, and project construction. This proposal still needs to be submitted to the company's second extraordinary general meeting of shareholders in 2026 for review.