Guizhou Tire raises Yuan 800 million in bonds

ERJ staff report (DS)

Beijing -- Guizhou Tyre Co., Ltd. has successfully raised a total of yuan 800 million (euro 86 million) through an issue of bonds. The issue took place partly through public subscription over the internet and partly through institutional investors, according to an official statement on the website of the China Rubber Industry Association (CRIA).

The company did not say how the new funds would be used.

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Report on CRIA website Chinese language

Above report auto-translated from Chinese