Shanghai Conant Optical Proposes 500 Million Yuan Bond Issue

MT Newswires Live

08/07

Shanghai Conant Optical (HKG:2276) plans to register and issue up to 500 million yuan of science and technology innovation medium-term notes in China's interbank bond market, according to a Thursday Hong Kong bourse filing.

The company said it intends to issue an initial tranche of up to 300 million yuan with a maturity of up to five years.

The proceeds will be used to fund research and development, technology innovation projects, industrial acquisitions, and working capital, while helping optimize the company's debt structure and broaden its financing channels.

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