Dalian Port (PDA) Co Ltd said it plans to issue up to 2.5 billion yuan ($377.7 million) worth of domestic bonds, raising funds to adjust its debt structure, repay bank loans and for working capital.
In a filing to the Hong Kong bourse on Tuesday, the operator of northern China's biggest port said the bond would have a maturity of 10 to 20 years, subject to market conditions, and it would seek shareholder approval in a meeting to be held on Feb. 25.
Hong Kong-listed shares of Dalian Port were up 0.3 percent at the midsession break on Tuesday.
In a filing to the Hong Kong bourse on Tuesday, the operator of northern China's biggest port said the bond would have a maturity of 10 to 20 years, subject to market conditions, and it would seek shareholder approval in a meeting to be held on Feb. 25.
Hong Kong-listed shares of Dalian Port were up 0.3 percent at the midsession break on Tuesday.