Shangsheng Electronics (688533.SH) is planning to issue convertible bonds to raise funds of no more than 330 million yuan.

The Zhitong Finance and Economics APP reports that Sangsheng Electronics (688533.SH) has announced that the company plans to issue convertible corporate bonds to unspecified investors, with a total fundraising amount not exceeding 330 million yuan (including the principal). After deducting issuance expenses, the net proceeds from the fundraising will be used for: upgrading the intelligent manufacturing technology of speakers, industrializing car-mounted digital audio and video technology projects, and supplementing working capital.