Jiangxi Sanxin Medtec (300453.SZ) plans to issue convertible bonds to raise funds of no more than 530 million yuan.

Jiangxi Sanxin Medtec (300453.SZ) disclosed a pre-plan to issue convertible corporate bonds to unspecified investors. The company plans to issue convertible bonds to raise a total amount of funds not exceeding 530 million yuan (including par value). The initial conversion price shall not be lower than the average trading price of the company's stock for the twenty trading days prior to the announcement date of the prospectus and the trading price of the company's stock on the previous trading day. The net proceeds from this fundraising, after deducting issuance expenses, will be used entirely for Jiangxi Sanxin Medtec's projects: the construction and expansion of the production of 10 million blood dialysis membranes and 10 million blood dialyzers annually, the construction of a research and production base for high-performance blood purification equipment and related consumables - the construction of a new production line with an annual output of 30 million sets of blood dialysis tubing and related engineering projects, the expansion and improvement project of the Jiangxi Chengtukang electronic accelerator irradiation sterilization production line, and for supplementary working capital.