), a top Chinese glass maker, is raising 600 million yuan via a three-year virus bond, but the company said 500 million yuan will be used to repay bank loans.
Pig-producer Muyuan Foods said about half of the proceeds from its planned 500 million yuan bond issuance will be used to repay bank loans, while the remainder will be used to ensure adequate meat supply during the outbreak. Jointown, the biggest private pharmaceutical firm in Hubei province, the virus epicenter, said it was facing challenges supplying facial masks, protective suits and medicines.
😂 'in a move that shocks no one, corporations continue to exploit human catastrophe for profit.' TIFIFY
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