Tianneng Subsidiary Raises RMB1 Billion in Oversubscribed Tech Innovation Bond
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Tianneng Power International's subsidiary, Tianneng Battery Group, has successfully raised RMB1 billion through the issuance of technology innovation corporate bonds on the Shanghai Stock Exchange. The bonds, which were oversubscribed at 3.16 times, feature a fixed coupon of 1.58% and options for adjustment and resale. This issuance enhances Tianneng's funding flexibility and supports its innovation-focused strategy in the battery sector.
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