Shenzhen Hui Chuang Da Technology (300909.SZ) plans to issue convertible bonds to raise no more than 650 million yuan.

Shenzhen Hui Chuang Da Technology (300909.SZ) disclosed a plan to issue convertible corporate bonds to unspecified investors. The company plans to raise a total of no more than 650 million yuan through the issuance of convertible corporate bonds, with the initial conversion price of the convertible bonds not lower than the average trading price of the company's stock for the 20 trading days prior to the announcement in the prospectus and the average trading price of the company's stock for the previous trading day. The funds raised from this issuance will be used for the "CCS and new energy connector projects for power batteries and energy storage batteries" and the "supplementary working capital project."