Zhitong Finance App News, Guangzhou Automobile Group (02238) issued an announcement. In order to further broaden financing channels, optimize debt structures, and effectively reduce financing costs, and meet the company's capital requirements for production and operation, according to relevant laws, regulations and articles of association, the company plans to apply to the China Interbank Market Dealers Association for unified registration and issue debt financing instruments (PDFI) with a total principal amount of not more than 15 billion yuan (including 15 billion yuan). After deducting issuance fees, the funds raised in this debt financing instrument are intended to be used to repay interest-bearing liabilities, supplementary working capital, equity investments, etc., and for other purposes approved by the China Interbank Market Dealers Association.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.