Zhitong Finance App News, Huafang Co., Ltd. (600448.SH) issued an announcement. In order to broaden financing channels, optimize debt structure, reduce financing costs, replace high-cost short-term stock debts with long-term low-cost capital, supplement working capital, and enhance the company's operating efficiency, the company plans to privately issue no more than RMB 500 million (inclusive) of corporate bonds. The funds raised by the bonds are intended to repay interest-bearing debts.

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.