Summary by Futu AI
Yuexiu Property announced that its subsidiary Guangzhou Urban Construction and Development Co., Ltd. plans to issue not more than CNY 1,000,000,000 worth of bonds in the second phase of the company in 2024. The bonds will be issued in two varieties, with a maturity of six years and ten years respectively, and have received a credit rating of 'AAA' from China Chengxin International Credit Rating Co., Ltd. The proceeds will be used to repay the company bonds that are due. Further information on this issuance plan has been published on the Shanghai Stock Exchange's website. The company reminds shareholders and potential investors to exercise caution when buying or investing in the company's securities, as the issuance may or may not take place. The announcement was made by Secretary Yu Dafeng on September 11, 2024.