Greater China

CIMC plans RMB4bn note issuance

Beijing: China International Marine Containers (CIMC) has announced that the company is to issue medium-term notes to raise up to RMB4bn fund.
 
The raised capital will be used to replenish the working capital, repay bank loans, and optimise the company’s debt equity structure, the company said.
 
CIMC is principally engaged in the manufacture and sale of transportation equipment, and is the biggest container manufacturer in China. It has also moved into shipyards and offshore equipment manufacturing in recent years. [04/02/15]

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