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Chang'an Auto allowed to sell bills
Last Updated(Beijing Time):2006-03-23 13:33

Chongqing Chang'an Automobile Co., a top domestic automaker by production, has received central bank approval to issue up to 1 billion yuan (US$124.62 million) worth of bills.

The automaker can issue the bills in the interbank market any time before the end of March next year, it said in a statement yesterday. It said China Merchants Bank Co. is the underwriter. Chang'an Auto didn't say what it will use the proceeds of the bill sale for.

Source:Shenzhen Daily 
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