China's BBMG may sell up to RMB 5 billion three- to five-year notes

By Susanna Moon

Chicago, Feb. 5 - BBMG Corp. said its board proposed issuing up to RMB 5 billion of preferred debentures with a maturity of three to five years.

The interest rate will be set based on market conditions.

Proceeds will be used to finance the expansion of the company's principal businesses and for general working capital.

The issue requires approval of the company's shareholders.

BBMG is a building materials manufacturer in Beijing.

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