Wednesday, July 25, 2007

UPDATE 1-Shanghai Auto to issue up to 8 bln yuan in bonds

(Reuters) - Shanghai Automotive shares closed up 4.8 percent at 22.93
yuan on Wednesday, outperforming a 2.7 percent gain in the
Shanghai benchmark index .




"Investors are optimistic about the prospects for Shanghai
Auto's own-brand vehicle plan, as the bond sale would provide
substantial funding for the project," said Zhao Shengli, an
analyst with Galaxy Securities.


Read more at Reuters.com Bonds News

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