NWS Holdings (HK:0659) has released an update.
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NWS Holdings Limited has applied to issue corporate bonds worth up to RMB 5 billion in China, with plans for listing on the Shanghai Stock Exchange if approved. The move aims to diversify funding sources and provide a cheaper alternative to USD/HKD borrowing, while also acting as a hedge against RMB currency fluctuations. Proceeds from the bond issue would be used for debt repayment, redemption of securities, and working capital needs.
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