Shengdexintai (300881.SZ) plans to issue convertible bonds to raise funds of up to 440 million yuan for the construction of an advanced high-nickel seamless pipe manufacturing project.

The Smart Finance and Economics APP reported that Shengdexintai (300881.SZ) disclosed a pre-plan to issue convertible corporate bonds to unspecified targets, with a total amount not exceeding RMB 440 million (including principal). The net proceeds from the fundraising, after deducting issuance expenses, will be used for the construction of an advanced high-nickel seamless pipe manufacturing project.