Lianrui New Materials (688300.SH) intends to issue convertible bonds to raise funds of up to 720 million yuan.

Wisdom Finance APP news, Lianrui New Materials (688300.SH) announced that the company plans to issue convertible corporate bonds to unspecified investors, raising a total amount of not more than 720 million yuan (including), after deducting issuance expenses, the net proceeds will be used for: high-performance high-speed substrate ultra-pure spherical powder material project, high thermal conductivity high-purity spherical powder material project, and supplementary working capital.