Shandong Molong Petroleum Machinery (HKG:0568, SHE:002490) plans to offer perpetual bonds amounting up to 200 million yuan, according to Hong Kong filing on Saturday.
The energy equipment supplier's Hong Kong shares slipped 1% at Monday's afternoon trade, while Shenzhen shares rose 1% at the close.
The bonds can be issued in tranches.
The proceeds from the issuance will be used to pay debt.
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