GITI TIRE CORP(SH:600182) Zhong Guo Hua Gong Bao·2025-10-24 02:31Core Viewpoint - Giti Tire has issued SGD 150 million in sustainable development bonds to fund projects aligned with its Sustainable Finance Framework [1] Group 1: Bond Issuance Details - The bonds are 5-year Singapore dollar bonds issued at par with a coupon rate of 5.75% [1] - The total amount raised is SGD 150 million, which will be used for financing or refinancing eligible green and social projects [1] Group 2: Sustainable Finance Framework - Giti Tire's Sustainable Finance Framework is centered around its mission of "sustainable development, responsibility, and societal welfare" [1] - The company aims to achieve net-zero emissions while balancing climate goals with robust financial discipline [1] Group 3: Management Insights - Dr. Pang Chong Hau, Chief Sustainability Officer, emphasized the importance of considering implementation costs while striving for sustainability goals [1] - The company collaborates closely with partners to redefine value, ensuring that the benefits and savings from sustainable practices cover implementation costs, thus aligning sustainability with profitability [1]