Hing Fat group applies for issuing short coupon

Hing Fat Group (600141) announced that the company intends to apply for the issue of short-term financing coupons.　　In addition, the company has passed a motion on participating in the bidding of the state-owned stake of Xingshan County-Ping Mining Co., Ltd., aiming to further increase the reserves of phosphate mineral resources. The total amount of short-term financing coupons does not exceed 40% of the company's audited net assets.　　The funds raised by short-term financing vouchers will be mainly used to supplement the repayment of bank loans and replenish liquidity.　　For the company to participate in the bidding of Xingshan County-shu Ping Mining Co., Ltd. Enterprise State-owned shares, the bulletin said, once the bidding success is conducive to increase the capacity of phosphate mine resources to solve the controlling shareholder Yichang Xing FA Group and the company's peer competition, in line with the company and the interests of all shareholders. Yichang Xing FA Group Co., Ltd. has been listed on May 7, 2010 to sell its holdings of Xingshan County Ping Mining Co., Ltd All equity, the transfer price is 81.0756 million yuan.