Xinjiang Communications Construction Plans Up to 1.5 Billion Yuan Convertible Bond Issuance

Stock News

09/15

Xinjiang Communications Construction Group Co., Ltd. (002941.SZ) has announced its intention to issue convertible corporate bonds to unspecified investors, with total fundraising capped at 1.5 billion yuan (including the principal amount). After deducting issuance expenses, the net proceeds will be allocated to two specific highway construction projects: the DRTJ-04 section (general contracting) of the G571 Line from Lapeiquan to Bashikuergan, and the GTBTZ-17 section (general contracting) of the S12 Line from Gaochang (Turpan) through Tuokexun to Baluntai.

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