Tianneng Share Proposes RMB2 Billion Corporate Bonds Issuance
Tianneng Battery Group Co., Ltd., a subsidiary of Tianneng Power International Limited, is planning to issue corporate bonds with a total principal amount of up to RMB2 billion. The bonds, which will have a term of up to five years, are intended to raise funds for the company's operations and development. Tianneng Battery, which is 86.53% controlled by Tianneng Power, is listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. The issuance will be subject to approval from relevant regulatory authorities and prevailing market conditions at the time of issuance.
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