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Zhejiang Longsheng Plans Debt Instrument Issuance of Up to 13 Billion Yuan

-- Zhejiang Longsheng (SHA:600352) plans to apply for unified registration and issuance of up to 13 billion yuan in non-financial corporate debt financing instruments.

These include super-short-term commercial paper, short-term commercial paper, medium-term notes, and perpetual notes, according to a filing with the Shanghai bourse.

Proceeds will be used for working capital, debt repayment, project construction and other uses.

Shares of the chemical manufacturer closed 7% lower Monday.

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