Asia
Nanshan Aluminium's Controlling Shareholder to Issue First Tranche of Exchangeable Bonds
Shandong Nanshan Aluminium's (SHA:600219) controlling shareholder, Nanshan Group, plans to issue the first tranche of exchangeable corporate bonds, according to a Shanghai bourse filing on Wednesday.Nanshan Group will use part of the company's shares as collateral and trust assets for the issuance.The group opened special accounts for the transaction, 26 Nan 01 EB and 26 Nan 02 EB. A total of 325 million shares, approximately 2.83% of the company's total share capital, would be transferred to the accounts.The Chinese aluminum company's shares dropped less than 3% during the midday trade.
SHA:600219
