Yingkou Port Liability Co Ltd announce on Tuesday it plans to issue up to RMB 1.2 billion corporate bonds, sources reported.
The Liaoning-based company said in a statement filed with the Shanghai Stock Exchange that the maturity of the bonds will not exceed 10 years, depending on the market conditions.
Proceeds from the bond issue will be used to repay bank loans, optimize financing structure and supplement working capital, according to the company.
The plan is still subject to approval from its shareholders, the company added.
The Shanghai-listed company is principally engaged in cargo loading, uploading, storage and transportation services, according to its website.
The Liaoning-based company said in a statement filed with the Shanghai Stock Exchange that the maturity of the bonds will not exceed 10 years, depending on the market conditions.
Proceeds from the bond issue will be used to repay bank loans, optimize financing structure and supplement working capital, according to the company.
The plan is still subject to approval from its shareholders, the company added.
The Shanghai-listed company is principally engaged in cargo loading, uploading, storage and transportation services, according to its website.