Yuexiu unit seeks approval for RMB 3bn bond issue

Yuexiu Transport Infrastructure Limited (HKEX:1052) announced that its wholly-owned subsidiary, Yuexiu (China) Transport Infrastructure Investment Company Limited, has applied to the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange (SSE) for the registration of a public offering of corporate bonds. The proposed offering involves bonds with an aggregate principal amount of up to RMB 3.0 billion to be offered to professional investors in the PRC and the listing of the corporate bonds on the SSE. The company cautioned that the offering is subject to a number of conditions, including approvals from the CSRC and SSE and that shareholders and potential investors should exercise caution when dealing in the company's securities.