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Founder Securities Co Ltd to Apply for Subordinated Loans or to Issue Subordinated Bonds

Friday, 30 Aug 2013 08:00pm EDT 

Founder Securities Co Ltd announced that it will apply for subordinated loans or issue subordinated bonds of up to RMB 4.4 billion in one or several tranches. The loans or bonds will with a maturity period of up to five years. The proceeds will be used for the supplement of net capital and operation funds.