Central China Securities has obtained shareholder approval to issue six-year CBs of up to Rmb2.7bn (US$394m). The Zhengzhou-based brokerage, listed in both Hong Kong and Shanghai, plans to use the proceeds for working capital. The issue still needs approval from the China Securities Regulatory Commission. JISHI MEDIA has secured board approval for a proposed issue of six-year CBs of up to Rmb2.5bn. The cable TV company plans to use the proceeds for an education project and rural network construction. Shareholders will review the proposal on June 5.
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