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FINWIRES

CSC Financial Unit Raises 1.4 Billion Yuan in Note Issue

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CSC Financial (SHA:601066, HKG:6066) indirect subsidiary CSCIF Hong Kong issued 1.4 billion yuan in medium-term notes, with the proceeds to replenish overseas working capital.

Subsidiary CSC International Financial provided a guarantee totaling 1.46 billion yuan, according to a Tuesday filing with the Shanghai bourse.

Shares of the securities company were down 1% in recent trade.

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