GLMS SEC (ASX: 01456) has announced that it recently received an official registration reply from the China Securities Regulatory Commission (CSRC).

The CSRC has approved the company's application to publicly issue subordinated bonds with a total face value of no more than RMB 60 billion to professional investors.

This approval is valid for 24 months from the date of registration. During this period, the company may issue the subordinated bonds in multiple tranches.