On February 21, 2020, Caocao Chuxing, China’s biggest B to C car-hailing platform, announced that it would raise 1 billion RMB via ABN to strengthen its capability to prevent and control the epidemic. The bond issuance is the first among China’s ride-hailing sector and initiated by a private company during this critical period. Its coupon interest of 3.1% has reached the lowest level of ABN issuance interest rate since 2017. The company will use the raised fund to accelerate its fleet expansion in the key epidemic-stricken cities in order to provide safe rides for those in need and boost its transportation capacity to support the fight against the epidemic across the country.
Grant Thornton China provides across-the-board professional services based on its rich resources and experiences. We serve a broad client base that encompasses more than 200 public companies and a wide array of state owned enterprises (SOEs) and privately owned businesses, as well as foreign-invested enterprises. We provide audit services for IPO projects, restructured projects to assist our clients to be listed on A share market, Chinext board and STAR market. We also provide special audits services including bond issuance audit to our client. The audit services we provided to Caocao Chuxing fully demonstrates our professional capability to deliver quality and efficient solutions to our clients.