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Article: BRIEFING - ASIA AUTOMOTIVE - MAY 28, 2008.

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AsiaPulse News
Article date:
May 28, 2008
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An executive briefing on the automotive industry for May 28, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

SHANGHAI AUTOMOTIVE TO FLOAT US$1.5 BLN IN MID-TERM NOTES

SHANGHAI - Shanghai Automotive Co., Ltd. (SSX:600104) announced Wednesday it plans to issue not more than eight billion yuan (US$1.153 billion) mid-term notes to further diversify financing channels, improve debt structure and lower interest expenditure.

The three years notes will be issued in two phases with the first phase issuing not more than eight billion yuan.

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