Greater China

China Shipping issuing more notes

Shanghai: China Shipping Group announced that the company is to issue RMB2bn of 180-days notes.

The raised funds are planned to be used for replenishing operation capital of its shipbuilding and repair arm China Shipping Industry and another subsidiary, China Shipping Development, and repay the due loans of China Shipping Industry. The major underwriter of the notes is China Merchants Bank. China Shipping has been raising funds in various ways all year long.  [23/10/13]

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