Shenzhen Expressway Co (HK:0548) has released an update.
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Shenzhen Expressway Corporation Limited has proposed a General Mandate to issue debentures not exceeding RMB15 billion, to be voted on during the Annual General Meeting on 25 June 2024. The issuance aims to diversify financing methods, lower costs, and optimize debt structure, but is subject to shareholder approval and regulatory green lights, with inherent uncertainties cautioned to investors. The debentures will cater to a variety of maturities and interests, with the proceeds intended for working capital, debt repayment, and funding new projects.
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