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BRIEF-Gemdale's Unit To Buy 1.0 Bln Yuan Company Bonds To Maintain Prices

BRIEF-Gemdale's Unit To Buy 1.0 Bln Yuan Company Bonds To Maintain Prices

Reuters · 07/28/2022 06:52
BRIEF-Gemdale's Unit To Buy 1.0 Bln Yuan Company Bonds To Maintain Prices

- Gemdale Corp 600383.SS:

  • SAYS BUILDING MATERIAL UNIT PLANS TO BUY UP TO 1.0 BILLION YUAN ($148.20 million) WORTH OF COMPANY BONDS FROM SECONDARY MARKET TO MAINTAIN STABLE BOND PRICES

Source text

Further company coverage: 600383.SS


($1 = 6.7477 Chinese yuan renminbi)


(Reporting by Hong Kong )

((meg.shen@thomsonreuters.com; 852-39525805;))