Date
19 August 2017

Dongfang Electric gets SASAC nod for bond issue, paper says

Power plant equipment manufacturer Dongfang Electric Corp. (01072.HK, 600875.CN) said on Monday that it has received in-principle approval from the State-owned Assets Supervision and Administration Commission (SASAC) for issuance of A-share convertible bonds worth up to 4 billion yuan (US$658.88 million), the Securities Times reported Monday. The company is planning a bond sale to raise funds for technology and product upgrade, the report said.

– Contact HKEJ at [email protected]

EL/AC/RC

 

EJI Weekly Newsletter

Please click here to unsubscribe