On December 19|Shangneng Electric (300827.SZ) announced that the company held the 23rd meeting of the 3rd board of directors on November 2, 2023, and the 4th Extraordinary General Meeting of Shareholders in 2023 on November 20, 2023, deliberated and passed the “Proposal on Proposed Registration and Issuance of Non-financial Enterprise Debt Financing Instruments of the China Interbank Market Dealers Association”, agreeing that the company's total registered issuance of non-financial enterprise debt financing instruments shall not exceed RMB 200 million (including RMB 200 million).
Recently, the company received the “Notice of Acceptance of Registration” (CP257) issued by the China Interbank Market Dealers Association (hereinafter referred to as the “Association of Dealers”) (China-City Joint Note [2023] CP257). The Association of Dealers decided to accept the registration of collective short-term financing notes from 3 companies, including the company. The main details are as follows:
1. The registration amount for this pooled short-term financing note is 700 million yuan, of which the amount the company plans to issue is 200 million yuan. The registration amount is valid for 2 years from the date of payment of this notice, and is underwritten by Shanghai Pudong Development Bank Co., Ltd.
2. The company may issue pooled short-term financing notes in installments during the registration validity period. After acceptance of registration, if it needs to be filed for issuance, it should be filed with the Dealers Association in advance. After the issuance is completed, the results of the issuance shall be disclosed through channels approved by the Dealers Association.