Zhenyu Tech to Raise Up to 1.88 Billion Yuan Through Bond Issuance
MT Newswires Live
Aug 13
Ningbo Zhenyu Technology (SHE:300953) plans to raise up to 1.88 billion yuan through the issuance of Zhenyu Convertible Bonds 02, according to a Shenzhen bourse filing on Thursday.
The China Securities Regulatory Commission approved the planned issuance.
The convertible bonds will have a term of six years and the coupon rate for the first year is 0.20% and will rise every year until it reaches 2% in the sixth year.
The Chinese mold and structural parts supplier's shares rose 2% during the afternoon trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.