LB Group Plans Plans Up to 2-Billion-Yuan Short-Term Bond Issue

MT Newswires Live

02/12

LB Group (SHE:002601) plans to issue up to 2 billion yuan in short-term commercial papers, with terms of up to one year.

Proceeds will be used for working capital and loan repayment pending shareholder and regulatory approval, according to a Thursday filing with the Shenzhen bourse.

Shares of the titanium dioxide pigment producer rose 1% in recent trade.

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