CCCG Real Estate (SHE:000736) is planning to issue up to 1.2 billion yuan in commercial real estate mortgage-backed securities held by subsidiary China Communications Construction Real Estate Industrial Development.
Proceeds will help improve cash flow, optimize debt structure, lower financing costs and further support company development, according to a Nov. 2 filing with the Shenzhen bourse.
Shares of the real estate company rose 2% in recent trade.
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