Home > News > Company News > CSG Holding to issue RMB 1.6 bln financing bills

CSG Holding to issue RMB 1.6 bln financing bills

Post Time:Sep 04,2008Classify:Company NewsView:410

Sep. 4, 2008 (China Knowledge) - CSG Holding<000012><200012>, the leader in Chinese modern glass deep-processing industry, announced that it plans to issue up to RMB1.6 billion short-term financing bills to institutional investors in inter-bank bond market.

Reportedly, the new bond issuing proposal has been approved by the general meeting of CSG shareholders as early as Apr. 10 this year. National Association of Financial Market Institutional Investors (NAFMII) accepted the registration of the new bond offering on Aug. 21.

China Construction Bank Corp (CCB)<601939><939>, one of country's Big Four state-owned commercial banks, has been assigned to handle the deal.

According to the glass producer's interim financial report released on Aug. 4, CSG realized operating income and net profit of RMB 493 million and RMB 410 million during the first half of this year, up 113.23% and 174.5% respectively over the corresponding period of last year. Earnings per share (EPS) were RMB 0.35. Return on equity (ROE) was 9.71%.

Shares of CSG edged down 4.13% to close at RMB 6.26 on Sep. 3.

Source: China KnowledgeAuthor: shangyi

Hot News