Greater China

SIPG to raise RMB1.8bn

Shanghai: Shanghai International Port Group (SIPG) has announced that the company has made plans to issue 420m new shares in order to raise RMB1.818bn fund in total.

SIPG said the raised fund will be mainly used to repay bank loans.

New shares will be issued to SIPG’s employees as part of SIPG’s plan to establish an interest sharing mechanism with employees. [18/11/14]

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