Nanjing Quanxin Cable Technology (300447.SZ) plans to issue convertible bonds to raise funds of no more than 312 million yuan.

China Electronics Technology Group Corporation (300447.SZ) disclosed a preliminary plan to issue convertible corporate bonds to unspecified investors. The company plans to issue convertible bonds with a total fundraising amount not exceeding 312 million yuan(including the principal amount). The net proceeds from the fundraising, after deducting issuance expenses, will be used for commercial aviation transportation and integrated communication product production projects, embedded heterogeneous computing platform research and development projects, and supplementary working capital.