Tiantai Xianghe to Issue 400 Million Yuan Convertible Bonds; Shares Slump 10%

MT Newswires Live

03/03

Zhejiang Tiantai Xianghe Industrial (SHA:603500) will issue convertible bonds worth up to 400 million yuan, according to a Shanghai bourse filing on Tuesday.

China International Capital (SHA:601995, HKG:3908) or CICC is the lead underwriter for the issuance.

The railway equipment manufacturing company's shares dropped 10% during the afternoon trade on Tuesday.

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