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BEIJING - SDIC Power Holdings Co., Ltd. (LSE GDR:SDIC) announced Monday that its controlled subsidiary, Yalong River Hydropower Development Co., Ltd., plans to register and issue RMB 5 billion in medium-term notes and RMB 4 billion in corporate bonds.
The proposal will be presented for shareholder approval at SDIC Power’s third Extraordinary General Meeting scheduled for July 2, 2025, in Beijing. According to the company’s press release, the funds raised will be used for debt repayment, working capital replenishment, or other regulatory-approved purposes.
The final issuance scale will be subject to the amount specified in the registration approval document received by Yalong Hydro. If approved by shareholders, the resolution will remain valid for 24 months, with Yalong Hydro authorized to complete the issuance within the validity period confirmed by regulatory approvals.
The proposal has already received approval from SDIC Power’s Board of Directors at their 44th meeting of the Twelfth Board held Monday.
SDIC Power, which trades its Global Depositary Receipts on the London Stock Exchange (LON:LSEG), indicated that Yalong Hydro would be solely responsible for matters related to the registration and issuance of these debt financing instruments, in accordance with relevant national laws and the company’s Articles of Association.
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