Shanghai Dazhong Public Utilities (Group) (HKG:1635, SHA:600635) recently received approval from the China Securities Regulatory Commission for its registration application for the public offering of up to 2.6 billion yuan worth of corporate bonds to professional investors.
The utility company can issue the bonds in multiple tranches for up to 24 months following the approval, a Feb. 14 bourse filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.