Liugong: Zhongheng International Leasing's 4 billion yuan storage rack ABS has been approved

On January 3rd, Zhongheng International Leasing received a letter of no objection from the Shanghai Stock Exchange regarding the listing and transfer of Zhongheng's 4 billion yuan shelf asset-backed securities (ABS). The approval of this storage rack ABS will contribute to the solid development of Liugong in the New Year.

In recent years, Zhongheng International Leasing has achieved remarkable results in the open market. Since its first issuance in 2019, six issues of ABS products have been issued, with a total amount of 3.484 billion yuan, and the issuance cost has continued to decline. As an important means of the company's diversified financing strategy, the multiple successful issuances of ABS have not only effectively achieved cost reduction and efficiency improvement, but also enriched cash flow and optimized the debt structure. The improvement in the three major financial statements is particularly obvious.

At the same time, through each successful issuance, the high-quality assets of Liugong and the outstanding management capabilities of Zhongheng have been fully demonstrated, establishing a good image in the capital market. The successful approval of the 4 billion yuan storage rack ABS this time also represents the trust and recognition of the regulatory authorities in Liugong and Zhongheng.

In the future, Zhongheng will continue to build the "Kaishan" system, centering on the financial service scenarios of construction machinery, to create a symbiotic and shared smart ecosystem, and continuously create and deliver value for customers and partners.