SHANGHAI (Reuters) - Property developer China Merchants Shekou Industrial Zone Holdings Co plans to issue 2.58 billion yuan ($405.43 million) of debt to fund acquisitions.
The disclosure, made by China's interbank market operator, comes as Beijing encourages state-owned developers to acquire assets from cash-strapped real estate firms to ease liquidity pressure.
($1=6.3636 Chinese yuan renminbi)
(Reporting by Shanghai Newsroom; Editing by Clarence Fernandez)
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