RMB 900 Mln Bond Issue
At the 32nd Meeting of the 3rd Board of Directors, held on 28 Oct 2008, the following proposals were examined and approved:
1. the 3Q 2008 Report
2. to issue corporate bonds
The company plans to issue RMB 900 mln worth of seven-year corporate bonds with a fixed annual coupon rate based on the result of an assessment conducted by the company and its sponsor.
Beijing Chengjian Group Co., Ltd. will provide an irrevocable and joint liability guarantee for the issuance. The proposal must be submitted to the China Securities Regulatory Commission for examination before its implementation.
Board of Directors
28 0ct 2008
Source: Shanghai Stock Exchange
Date: 29 Oct 2008
CN01/MZ/VW/LZ/NK/KM
