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Hong Kong-based Kong Sun proposes up to RMB 1 billion green bonds
By Marisa Wong
Morgantown, W.Va., Feb. 20 – Kong Sun Holdings Ltd. said it plans to issue up to RMB 1 billion of green corporate bonds with maturities of up to five years.
The company intends to use proceeds for the construction of solar power plant projects and for the repayment of financing of solar power plant projects.
The bonds will be issued through wholly owned subsidiary Kong Sun Yongtai Investment Holdings Ltd.
The Hong Kong-based investment holding company invests in and operates solar power plants in China.
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