Shanghai: Shenzhen-listed Yantian Port has announced that it plans to issue RMB2.2bn ($354m) worth of bonds on the Shenzhen Stock Exchange.
The bond could be issued in one time or several times to qualified investors, and the raised fund will used for overseas investment, loan repayment and replenishment of working capital.
Yantian Port said it is currently accelerating its development process of a new river port project in Huangshi of Hubei, and a coal terminal in Huizhou Port of Guangdong.
Yantian Port reported a net profit of RMB74.5m ($12m) for the first quarter of 2015, down by 33.24% from RMB111.7 ($18m) in the same period of 2014.
