BEIJING, June 1 (Xinhua) - Sichuan Road & Bridge Co., Ltd. announced on Thursday that it planned to issue no more than 2.5 billion yuan worth of convertible bonds.
According to the announcement, the raised funds will be mainly used to invest in Public-Private-Partnership (PPP) projects and supplement its floating capital.
Sichuan Road & Bridge is principally engaged in the engineering construction business. The company's main business activities consist of road and railway construction, hydropower generation, build-transfer (BT) and build-operate-transfer (BOT) financing, real estate development and commercial concrete business. (Edited by Yang Yifan, yangyifan@xinhua.org)
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