China's Zhaojin Mining to issue up to RMB 1.4 billion corporate bonds

By Susanna Moon

Chicago, May 11 - Zhaojin Mining Industry Co. Ltd. plans to issue up to RMB 1.4 billion of corporate bonds in China.

Proceeds will be used to refinance bank loans, replenish current capital and to adjust and optimize the financial structure of the company.

The company's shareholders meeting will be held on May 29.

The Zhaojin, China, company is an investment holding company that explores, mines, processes, smelts and sells gold and other metallic products.

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