Great Wall Motor (SHA:601633, HKG:2333) proposed to apply for the issuance of debt financing instruments of up to 6 billion yuan, according to a Monday disclosure on the Hong Kong stock exchange.
The term of each tranche of short-term bonds will be within one year and those of super short-term bonds will be within 270 days.
The Chinese car manufacturer will use the proceeds from the issuance to replenish its working capital and pay debts.
Shareholders are invited to vote for the proposal on Oct. 25, the disclosure said.
Price (HKD): $30.31, Change: $+2.8, Percent Change: +10.02%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments