Despite this year’s complex environment, CNGR’s success in acquiring the green-related syndicated loan is highly recognized by the capital market overseas and creates many market achievements. It is the first enterprise in Guizhou province to organize a green-related syndicated loan overseas. It is also the first Chinese new energy material enterprise to sign a contract with overseas green syndicates. It sets a new benchmark for overseas syndicate financing in terms of the contract, pricing, access scale and project efficiency. The loan will positively supplement the Company’s operating capital, build a vertically integrated industrial chain, accelerate the internationalization process, and reduce carbon and consumption. It highlights the Company’s responsibility to focus on new energy materials and contribute to green development globally.In his speech during the signing ceremony, Mr Tao Wu, the senior vice president of CNGR and the President of CNGR International Headquarters, expressed his gratitude to the banks for their long-term care and support, especially to the 15 banks participating in this delegation. Mr Tao Wu hoped this would shape more profound and broader cooperation to collaborate with banks and financial institutions worldwide. He also added that CNGR will always adhere to the enterprise mission; “devote to developing new energy, constructing a better life for human beings”. CNGR will entirely focus on new energy materials and commit to developing technological innovation, industrial cooperation, and an integrated layout. The aim is to build a world-class new energy materials enterprise and contribute to improving the environment and reducing energy consumption.
At the signing ceremony, the representatives of three Mandated, Lead Arrangers and Bookrunners banks also delivered their speeches. They said they were very honoured to participate in the first overseas bank syndicate preparation of CNGR and are impressed by its achievement and development speed of CNGR. They also said that they hope to continue providing financial support for the development of CNGR in the future and will keep promoting CNGR internationalization. They wish to undergo the realization of combining industrial scope and finance and create a win-win collaboration between banks and enterprises.The signing ceremony was also attended by Mrs Yan Xin, Vice President of CNGR International Headquarters; Mr Zhou Chang, General Manager of Finance Center; Mr Chen Xin, Deputy General Manager of International Headquarters Investment and Financing Center and other leaders.
CNGR Advanced Material Co., Ltd.
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