ZCZL Industrial Technology to Seek Regulatory Approval for Debt Offering

MT Newswires Live

01/16

ZCZL Industrial Technology Group (HKG:0564) said it planned to apply to the Shanghai Stock Exchange for the sale of up to 4.35 billion yuan in debt, according to a Hong Kong bourse filing Thursday.

Shares of the coal mining machinery maker jumped nearly 2% in morning trade Friday.

The firm plans to issue convertible corporate bonds to raise funds for advancing the firm's projects.

ZCZL said it will also call a meeting of shareholders to seek approval for the sale of the bonds.

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