Beijing (SZ:300803) Zheng Quan Zhi Xing·2025-08-29 08:21Group 1 - The company announced that its wholly-owned subsidiary, Maigao Securities, will issue a private placement of subordinated bonds not exceeding RMB 600 million to optimize its debt structure and reduce liquidity risks [1][2] - The bond issuance will be at par value, with interest paid annually and principal repaid at maturity, with the last interest payment made together with the principal [1] - The board of directors has authorized Maigao Securities to determine the specific terms of the bond issuance, including scale, duration, timing, interest rate, and use of proceeds, within the limits set by the resolution [2] Group 2 - The bond issuance is expected to enhance Maigao Securities' operational capital, improve its overall capital strength, and increase its market competitiveness and comprehensive financial service capabilities [2]