China Shipbuilding Industry Corp. to Raise Cash

China Shipbuilding Industry (CSIC) plans to issue RMB 1-billion in sale of unsecured medium term notes

According to a 'China Knowledge' report, China Shipbuilding Industry Corp or CSIC, the parent of China Shipbuilding Industry Co Ltd<601989 >, has said that it plans to issue RMB 1 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Jun. 28.

Proceeds from the offering will be used to replenish the company’s working capital.