September 1 -- Keda Industrial (600499) announced on August 31 that its bond issuance plan was approved by the China Securities Regulatory Committee (CSRC), reports p5w.net, citing a company filing.

The principals of bonds will be 700 million yuan, with a duration of five years. Keda Industrial will use funds raised from the issuance to repay debts and complement its cash flow.

Keda Industrial was established in 1992 and produces machinery including stone, building, processing, and buffing machines.