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China’s Yunnan Water units plan RMB 1 billion asset-backed securities
By Marisa Wong
Morgantown, W.Va., Aug. 1 – Yunnan Water Investment Co., Ltd. announced that non-wholly owned subsidiaries Huize Water (Qingzhou) Co. Ltd. and Jinghong Water Supply and Drainage Co., Ltd. have decided to issue RMB 1 billion of asset-backed securities to institutional investors in China.
Kaiyuan Securities Co., Ltd. is the manager.
The issuers’ water tariff collection rights will be the underlying assets in the issue.
Proceeds will be used for general working capital and future business development purposes.
Yunnan Water is an investment holding company based in Kunming, China. Its focus is on municipal water supply and wastewater treatment facilities.
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