According to China State Shipbuilding Co Ltd in a statement sent to Shanghai Stock Exchange, plans to raise up to CNY 7.4 billion by issuing convertible bonds and warrants. The firm aims to issue no more than CNY 3.7 billion in convertible bonds and CNY 3.7 billion in warrants, to raise funds for eight major shipbuilding projects
The statement did not give further details or timeframe.
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