China Resources Land Ltd. said after markets closed Wednesday that it plans raise up to 5 billion yuan ($740.5 million) by selling medium-term notes in China.
The proposed medium-term notes include CNY3.5 billion worth of three-year notes and CNY1.5 billion worth of notes with a maturity of five years.
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It plans to use the net proceeds for property development and as additional liquidity.
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(END) Dow Jones Newswires
July 19, 2017 20:47 ET (00:47 GMT)