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Taiwan-based Wan Hai’s board OKs up to NT$4.5 billion bonds for 2017
By Marisa Wong
Morgantown, W.Va., April 27 – Wan Hai Lines Ltd. said its board of directors approved the issuance of up to NT$4.5 billion of corporate bonds for 2017.
The bonds will be issued at par through a public offering, according to a Taiwan Stock Exchange announcement.
Proceeds will be used to repay debt and to strengthen the company’s financial structure.
The shipping company is based in Taipei, Taiwan.
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