Nov 07, 2021 05:38 PM (GMT+8) · EqualOcean
Financial Associated Press, Nov. 7 - Jingwei Textile Machinery announced that in order to broaden financing channels and supplement stable operating funds, in accordance with the provisions of relevant laws, regulations and normative documents and in combination with the current situation of overseas bond market, the company's holding subsidiary Zhongrong International Trust Co., Ltd. ("Zhongrong trust") plans to establish a transit foreign subsidiary Zhongrong International Holdings Limited( "Zhongrong International Holdings") established Zhongrong international bond 2021 Limited (tentatively named "Zhongrong international bond 2021 Limited") in the British Virgin Islands ("BVI") to issue overseas bonds of no more than US $367 million in Singapore with a term of no more than one year.