The Hong Kong-listed company China Information Technology will issue bonds with a maximum limit of HKD 100 million using distributed ledger technology

ChainCatcher news, the Hong Kong-listed company China Information Technology Development Limited disclosed in an announcement on the Hong Kong Stock Exchange that it will issue bonds with a maximum limit of HKD 100 million using Distributed Ledger Technology (DLT), and will implement it using the Digital Ownership Token standard. All bond documents along with their corresponding smart contract code will be referenced to establish a binding Ricardian Contract, using the DOT standard to load the bond security tokens. The bond issuance period is from the initial issuance period until July 12, 2023, with a maturity date of June 27, 2053. (Source link)