Longfor Group's 5 billion yuan corporate bond application is terminated: will change intermediaries and reapply.

The Shanghai Stock Exchange bond project information platform shows that the project "Chongqing Longhu Enterprise Development Co., Ltd. Publicly Issuing Corporate Bonds to Professional Investors in 2025" has been updated to terminate. The planned issuance amount for this bond is 5 billion RMB, with the underwriter and manager being Citic Securities and the acceptance date being December 8, 2025. The prospectus states that the raised funds will be used to repay the principal of the company's bonds. Chongqing Longhu Enterprise Development Co., Ltd. is one of the main domestic bond issuers under Longhu Group. It was exclusively learned by ThePaper that the termination of the application was due to a change in intermediaries, requiring a reapplication process. Regarding debt issues, at the Longhu Group's 2025 annual performance communication meeting held on March 27, the Chairman and CEO of the board of directors, Chen Xuping, disclosed that starting from January next year, all domestic bonds and domestic medium-term notes of Longhu Group will be fully repaid, with only a small amount of overseas US dollar bonds left to be gradually paid off after 2027.