Great Wall Motor (SHA:601633, HKG:2333) proposed to apply for the issuance of debt financing instruments of up to 6 billion yuan, according to a Monday disclosure on the Hong Kong stock exchange.
The term of each tranche of short-term bonds will be within one year and those of super short-term bonds will be within 270 days.
The Chinese car manufacturer will use the proceeds from the issuance to replenish its working capital and pay debts.
Shareholders are invited to vote for the proposal on Oct. 25, the disclosure said.
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