Shandong Molong Petroleum Machinery (HKG:0568, SHE:002490) proposed to issue fixed-rate bonds of up to 200 million yuan, according to a Shenzhen filing on Monday.
The bonds, which can be issued in tranches, will have a maturity of five years.
The energy equipment supplier's Hong Kong shares slipped 1%, while Shenzhen shares rose 1% at the close.