Anhui Conch Group to sell CNY5bn

Anhui Conch Group to sell CNY5bn
Published: 28 January 2010

Anhui Conch Group Co. said Monday it plans to sell CNY5bn (US$732.4m) worth of three-year notes on the interbank market Thursday.

Anhui Conch Group plans to use the proceeds to repay bank loans and supplement working capital, said the company, which is the parent of Anhui Conch Cement Co.

Agricultural Bank of China Ltd. is the main underwriter of the deal, it said.