Jinzhou Port to issue notes to raise RMB2bn

Dalian: Jinzhou Port in Liaoning announced that the company has gained approval to issue RMB2bn worth of notes with a maturity of 3 to 5 years.

The port said the raised funds will meet the financial demands of the company in the medium term and it will support the port’s strategy to diversify its business.

In the meantime, Jinzhou Port also plans to issue RMB1.2bn of short term bonds with a maturity of 1 year to repay bank loans. [12/12/14]

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