Lianyungang Port to issue RMB650m bonds

Shanghai: Lianyungang Port announced that it plans to issue RMB650m worth of bonds to public investors with a maturity of five years.

Lianyungang Port said it plans to use raised fund to replenish working capital, which will enhance the company’s capability to repay debts and optimize the debt structure of the company.

The board of the company is working on the details of the bond issue. [08/08/14]

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