Angang Steel Co (HK:0347) has released an update.
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Angang Steel Company Limited has announced plans to issue corporate bonds up to RMB 3 billion with a maturity of up to 15 years, aimed at optimizing its debt structure and reducing financing costs. The proposed bond issuance, which will target professional institutional investors and be listed on the Shenzhen Stock Exchange, is set to be used for debt repayment, working capital replenishment, and other compliant purposes. This move is pending approval from shareholders at an upcoming General Meeting, and the resolution will remain valid for 24 months post-approval.
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