China Gezhouba Group Company Limited (600068.SH) said late on Wednesday that it will issue no more than 10 billion yuan of corporate bonds with unit face value of 100 yuan and maturities no longer than ten years.
The company said the money raised will be used to repay bank loans and replenish liquidity or applied to other uses complying with the country's laws and regulations, and the details will be decided by the general meeting of shareholders according to the company's financial situation
. It said the arrangement would be able to meet the company's demand for operation, improve its financial status and upgrade debt structure.
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