Zhongshan MLS Co Ltd has been given permission to issue the 1.5bn yuan ‘Green Bond’ by National Development and Reform Commission, according to Zhongshan Development and Reform Bureau.

This will be the first A-share listed company in Zhongshan allowed to issue “Green Enterprise Bond”. Among the 1.5bn yuan capital, 1bn yuan will be used in the expansion project of production of 100 billion light-emitting diodes (LED) per year, and the remain will be used as supplementing working capital.