Silan allowed to issue 600 million yuan of corporate bonds

Hangzhou Silan microelectronics Limited by Share Ltd recently announced, intends to issue not more than 600 million yuan of corporate bonds, has been Chinese Securities Regulatory Commission license No. [2011]835 approved. Silan to the issuance of corporate bonds for debt restructuring and to supplement the company's liquidity and repayment of loans. The shareholders' meeting shall authorize the board of directors to decide on the amount and proportion of the funds raised to repay the loans and supplement the working capital in accordance with the actual situation of the company's financial situation. The issue of 600 million yuan of corporate bonds, each face value of RMB 100 yuan, a total of $6 million, the issue price of $100 per.