BEIJING, Feb. 18 (Xinhua) -- The Shanghai Stock Exchange (SSE) has approved bond issuance with planned financing totaling 1.8 billion yuan as of February 14 by two companies based in central China's Hubei Province, the epicenter of the novel coronavirus pneumonia, announced SSE on Monday.
It is learned that one of the firms is the A-share listed Wuhan DDMC Culture & Sports Co., Ltd. (600136.SH) headquarteded in Wuhan, capital ciy of Hubei, with applied non-public corporate bonds not exceeding 600 million yuan which will be used for company development.
According to SSE, since the outbreak of the epidemic, it has built a green passage for approval of corporate bonds and asset-backed securities by firms in areas severely affected by the epidemic as well as companies raising funds for epidemic prevention and control.
Currently, it has optimized the approval process for corporate bonds applied by multiple Hubei firms, with Wuhan DDMC Culture & Sports Co., Ltd. and Xiangyang Dongjin State-owned Capital Investment Group Co., Ltd.included.
By February 14, a total of ten firms affected by the epidemic or raising funds for epidemic prevention and control have finished bond issuance, with a total of 10.71 billion yuan being raised, siad SSE. (Edited by Gu Shanshan)
A single purchase
