December 19 -- Shanxi Taigang Stainless Steel (000825.SZ) obtained approval from the China Securities Regulatory Commission to issue up to RMB six billion of bonds, reports yicai.com, citing a company filing.

The term of the bonds is no more than 10 years.

The company plans to use the raised  funds  to repay debt and to replenish working capital.

Source:www.capitalvue.com