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BEIJING - SDIC Power Holdings Co., Ltd. (GDR:SDIC) announced it will hold its 2025 Sixth Extraordinary General Meeting on December 1 to seek shareholder approval for several key proposals, including a public offering of renewable corporate bonds to professional investors.
According to the meeting notice released Thursday, the company plans to issue up to RMB 3.7 billion in renewable corporate bonds with maturities not exceeding 10 years. The bonds would feature a fixed interest rate and include a deferred interest payment option.
The proposed bonds would be unsecured and used primarily to repay existing debt, adjust debt structure, supplement working capital, and fund project investments. The company stated the bonds would be listed on the Shanghai Stock Exchange if they meet listing conditions.
Shareholders will also vote on renewing the appointment of BDO China Shu Lun Pan CPAs as the company's auditor for 2025. The audit fee for the 2025 annual report will be RMB 4.926 million, with an additional RMB 1.05 million for internal control audit, representing an 8.2% increase from the previous year.
Another proposal seeks approval for the remuneration of the company's Chairman, with a total pre-tax amount of RMB 1.7779 million for 2024. This follows the company's performance assessment score of 144.09 for 2024, which earned an "A" rating.
The meeting will be held at the company's Beijing headquarters. The announcement was made in a press release statement published on the London Stock Exchange news service.
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