Greater China
Sainty Marine invests in securities
Shanghai: Rapidly diversifying Sainty Marine has announced on Thursday that the company will use its idle funds of RMB198m to invest in the securities market in order to improve the fund-using efficiency and increase the company’s income.
The company said it will invest in some low-risk domestic and foreign stocks, securities funds or derivatives in the coming five years.
The company also announced its latest bond issue closed yesterday netting RMB780m. [21/09/12]