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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.