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.
Nanjing Quanxin Cable Technology (300447.SZ) disclosed a plan to issue convertible corporate bonds to unspecified investors. The company intends to issue convertible bonds with a total fundraising amount of no more than 312 million yuan (including the principal). The net proceeds from the fundraising after deducting issuance expenses will be used entirely for the production project of commercial aviation transmission and integrated communication products, the research and development project of embedded heterogeneous computing platforms, and to supplement working capital.
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