Shenzhen Chiwan to issue RMB400m bonds

Guangzhou: Shenzhen Chiwan Wharf Holdings has announced that it is going issue RMB400m worth of short term bonds on June 26 with a maturity of one year.

It is the first bond issuing of the company in the fiscal year of 2014. The company plans to issue a total of RMB1.6bn worth of bonds in this year.

Shenzhen Chiwan said the raised fund will mainly be used to optimize the financial structure of the company and replenish working capital. [24/06/14]

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