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01577 HUIXIN CREDIT
RTNominal unchange0.620 0.000 (0.000%)
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15/06/2018 16:51

Huixin Credit (01577) terminates proposed bonds issue

[ET Net News Agency, 15 June 2018] Quanzhou Huixin Micro-credit (01577) said it decided
not to proceed with the issue of bonds in the PRC as it does not meet the new credit
rating requirement for micro-credit companies under the amended Guideline on Negative List
Regarding Undertaking Non-public Offering of Corporate Bonds issued by Securities
Association of China (SAC) .
The guideline was recently amended by SAC on 11 May 2018 to include in the Negative List
micro-credit companies that do not have corporate credit rating of "AA" or above.
Quanzhou Huixin Micro-credit considers the termination of the proposed issue of the
bonds will not have any material adverse impact on its business operations or financial
position. (HL)

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