NWS successfully issued the second tranche of RMB 2 billion Panda Bonds (Bond Connect)

NWS successfully registered with the National Association of Financial Market Institutional Investors and issued its inaugural RMB denominated medium term notes (the “Panda Bonds”) in the People’s Republic of China (the “PRC”). This is the first Panda Bonds issued by a Hong Kong corporate in the Mainland since the People’s Bank of China and State Administration of Foreign Exchange released the new regulations on Panda Bonds in December 2022 and this is also the first ever Panda Bonds issued by a Hong Kong conglomerate.

NWS announced the acquisition of 90% interest in a logistics property in the Suzhou Industrial Park with the valuation of RMB570 million from Shanghai Zhongji Enterprise Management Co., Ltd. (a subsidiary of Greenland Holding Group).