BTG Hotels' (SHA:600258) shareholders approved the company's planned issuance of ultra-short-term financing bonds, short-term financing bonds, and medium-term debts of up to 4 billion yuan.

The amount of the ultra-short-term financing bonds is up to 2 billion yuan, while that of its short-term bonds and medium-term debts is up to 1 billion yuan each, all for a term of two years, according to a Saturday filing with the Shanghai bourse.