jinjibaoximegaways| Kaizhong Shares Issue Convertible Bonds: Raising RMB 308 million to expand and replenish working capital

News summary

Kaizhong shares announced that the issuance of no more than 3jinjibaoximegaways.08 million yuan convertible bondsjinjibaoximegaways, the funds will be used to expand production at Nantong production base and replenish working capital.

Newsletter text

[Kaizhong Co., Ltd. launched a new round of financing to promote production capacity expansion and replenish capital flow] On May 26, Kaizhong Co., Ltd. conveyed the news through an announcement that the company plans to issue convertible bonds to a wide range of potential investors, aiming to raise funds up to 308 million yuan. The proceeds from this issuance, after deducting relevant costs, will be allocated and invested in the expansion of Nantong's production base and the enrichment of the company's working capital.