Zhengzhou Coal Mining Machinery (HKG:0564, SHA:601717) is looking to raise up to 4.05 billion yuan from the issuance of A-share convertible bonds, according to a Friday filing with the Shanghai bourse.
Proceeds from the six-year bonds will help fund its component base project for new energy vehicles and mobile robots, upgrades to its hydraulic component production facility, intelligent manufacturing full-scenario R&D project, and for working capital.
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