Others News
- Shanghai News
Date: 29-Jan-2007 Sources: (Shenzhen Daily)
SHANGHAI Bailian Group Co., the Shanghai-listed arm of China's largest retailer, plans to issue up to 1 billion yuan (US$129 million) in short-term bills, the company said Friday.
Shanghai Bailian will apply to the central bank for approval to issue the bills and will implement the plan within 12 months after approval, it said in a statement. It gave no further details, including the intended use of the funds.
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