Lonking passed through international authority rating and suc

     May 26, for the first time, Lonking public offered $ 350 million corporate bonds through international market, and on the same day listed for trading in Singapore. By issuing bonds, and reasonable making use of financial leverage, Lonking is dedicated to maximize its profits.
    The successful issuing of the $ 350 million bond, further broadening the Lonking's financial channels in the international capital market, and combine with equity financing to realize working along both lines,and eventually optimize the debt structure, which greatly enhance the flexibility of financing. The strategic move will provide powerful funding for the second round development, and will promote the rapid and steady development of the enterprise. 
      By publicly raising funds in the bond market On the open market through bonds to raise funds, Lonking for the first time accepted the inspection of  Standard & Poor's and Moody's U.S. service company, which are internationally recognized as the most authoritative and professional credit rating agencies. For a listed company which has not long history, Moody's and Standard & Poor's respectively gave Lonking "Ba3"and "BB" stable rating outlook, which "reflected that Lonking had established a solid market status in the Chinese heavy industry.

      These two International rating agencies gave the company a positive future expectation and expressed to consider raising the credit rating of Lonking. We believe that with steady progress of the second round development, the rate of self-produced products, the extending business in international market and the increasing market share of Lonking's four major products-wheel loaders, excavators, road rollers and forklifts, in the near future Lonking's credit rating will be on a new level, and the "investment grade" will be just around the corner.