Biz Scene: Market
China Daily | Updated: 2007-12-07 07:06
Bond sale
Bank of Beijing Co, partly owned by ING Group NV, plans to raise as much as 10 billion yuan selling bonds to boost capital and improve return on assets.
Selling bonds with maturities of between five and 10 years will provide a "stable and long-term" source of low-cost funding, the bank said in a statement yesterday. The sale will need shareholder approval.
Plant deal
Trina Solar Ltd, a China-based photovoltaic products maker, said it had signed a development agreement with a port city for a polysilicon production facility, set for completion by 2012.
The agreement with Lianyungang in East China's Jiangsu Province includes government support for land and electric power supply for the facility.
(China Daily 12/07/2007 page15)
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