Sany Heavy Industries (06031) establishes and applies to issue asset-backed securities (ABS)

Zhitongcaijing · 2d ago

Zhitong Finance App News, Sany Heavy Industries (06031) issued an announcement. In order to revitalize existing assets and broaden financing channels, Sany Heavy Industries Co., Ltd. (hereinafter referred to as the “Company”) intends to establish and apply for the issuance of asset-backed securities (ABS) of no more than RMB 10 billion on the Shanghai Stock Exchange, which can be issued in one or more installments. Each special plan is expected to last no more than 5 years. The asset-backed securities to be issued are divided into priority asset-backed securities and secondary asset-backed securities, of which the controlling shareholder of the company is Sany Group Co., Ltd. (hereinafter referred to as “31” The “Group”) intends to subscribe for all secondary asset-backed securities (the cumulative subscription amount shall not exceed RMB 1 billion (inclusive)). This transaction constitutes a related transaction.