22 March 2019

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]



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