Western Region Gold (SHA:601069) proposed to issue bonds amounting to 2 billion yuan.
The Chinese gold smelting company will issue medium-term bonds of up to 1 billion yuan and corporate bonds of the same amount, according to a Shanghai bourse filing on Friday.
The proceeds from the issuance will be used to repay debt, supplement working capital, and support project construction, the filing said.
The plan is still subject to shareholders' and regulators' approvals.
The company's shares soared 10% in recent trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。