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BEIJING - SDIC Power Holdings Co., Ltd. (GDR:SDIC) announced Monday that shareholders approved the company’s plan to issue renewable corporate bonds to professional investors at its sixth extraordinary general meeting of 2025.
The meeting, held at the company’s Beijing headquarters, saw attendance from 916 shareholders representing 73.92% of the company’s voting shares. Shareholders overwhelmingly supported all proposals, with approval rates exceeding 99.9% for each item.
The approved bond issuance plan grants the board of directors authority to determine specific terms including issuance scale, interest rates, and maturity. The renewable bonds will include options for deferred interest payments under certain conditions.
Shareholders also approved the renewal of the company’s accounting firms and endorsed the remuneration committee’s report on the chairman’s 2024 compensation.
The meeting was chaired by Guo Xuyuan and legally validated by Beijing Tian Yuan Law Firm, which confirmed the proceedings complied with relevant laws and regulations.
According to the press release statement, the resolutions passed at the meeting are legally binding and effective.
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