China Longyuan Power to issue up to RMB 7 billion corporate bonds

By Marisa Wong

Madison, Wis., Nov. 10 - China Longyuan Power Group Corp. Ltd.'s board of directors announced that the company plans to issue up to RMB 7 billion of corporate bonds.

The board said that on Wednesday the issuance examination committee of the China Securities Regulatory Commission approved the company's application to issue the bonds.

The proposed issuance was approved by shareholders at a meeting on May 27.

The Beijing company provides wind power in China.

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