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]

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