South Silicon Technology (688484.SH) plans to issue convertible bonds to raise up to 1.933 billion yuan for multiple semiconductor research and production projects.

The Zhixun Finance APP news revealed that Southchip Technology (688484.SH) disclosed the pre-plan of issuing convertible corporate bonds to unspecified objects. The company plans to issue a maximum of 19.33 million convertible corporate bonds (including the principal amount), with a total amount of funds raised not exceeding RMB 1.933 billion. The initial conversion price shall not be lower than the average trading price of the company's A shares for the twenty trading days prior to the announcement of the prospectus and the previous trading day.