China Merchants Securities (SHSE: 600999) announced on May 20 that the board of directors agreed the company to issue no more than CNY 3 billion no more than 91-day financing bonds, the fifth term of 2013.
The management team was authorized to decide the time and specific plan for the bond issuance and handle specific matters related to the issuance.
Source:
http://www.sinocast.com/readbeatarticle.do?id=93780