China’s Guangdong Join-Share plans up to RMB 500 million bonds

By Wendy Van Sickle

Columbus, Ohio, June 18 – Guangdong Join-Share Financing Guarantee Investment Co., Ltd.’s board of directors plans to seek shareholder approval to issue up to RMB 500 million of fixed-rate domestic corporate bonds in multiple tranches with tenors of up to five years, according to a notice.

Shareholders will be asked to vote on the issuance at an extraordinary general meeting to be convened by the company.

The company will have up to 36 months to issue the bonds once they are approved.

Proceeds will be used for working capital.

The company, formerly known as Foshan Yingda Guarantee Investment Co., Ltd., provides financing guarantee services and is based in Guangdong, China.

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