A concert party of Hangzhou Hikvision Digital Technology's (SHE:002415) controlling shareholder, CETC Investment Holding, proposed to conduct a private placement of corporate bonds worth up to 2 billion yuan with a three-year term, according to a Shenzhen bourse filing over the weekend.
The security camera maker said the placement will not result in a change in the company's control.
CETC Investment and its concert parties collectively own nearly 42% of the company's total shares.
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