Shareholders in Cosco Shipping Development Co (CSDC) will vote this month on a proposal to raise more cash through a bond issue.
The financial arm of the Chinese shipping giant revealed plans to raise up to CNY 8bn ($1.13bn) in March, but has tweaked the proposal several times since then.
The company said in a statement to the Hong Kong bourse on Tuesday that the amendment would allow it to seize the opportunity of the downward trend of Chinese renminbi mid- and long-term interest rates to strengthen debt structure.
