---
title: "Novoray plans to issue convertible bonds to raise no more than 720 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240537067.md"
description: "According to the Zhitong Finance APP, Novoray announced that the company plans to issue convertible corporate bonds to unspecified objects, with a total fundraising amount not exceeding 720 million yuan (inclusive). The net amount of funds raised after deducting issuance costs will be used for: ultra-pure spherical powder material projects for high-performance high-speed substrates, high thermal conductivity high-purity spherical powder material projects, and to supplement working capital"
datetime: "2025-05-16T09:09:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240537067.md)
  - [en](https://longbridge.com/en/news/240537067.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240537067.md)
---

# Novoray plans to issue convertible bonds to raise no more than 720 million yuan

According to the Zhitong Finance APP, Novoray (688300.SH) announced that the company plans to issue convertible corporate bonds to unspecified objects, with a total fundraising amount not exceeding 720 million yuan (inclusive). The net amount raised after deducting issuance costs will be used for: ultra-pure spherical powder material projects for high-performance high-speed substrates, high thermal conductivity high-purity spherical powder material projects, and to supplement working capital

### Related Stocks

- [688300.CN](https://longbridge.com/en/quote/688300.CN.md)

## Related News & Research

- [11:16 ETHaier ist die einzige IoT-Ökosystemmarke der Welt, die acht Jahre in Folge in die Kantar BrandZ Top 100 aufgenommen wurde](https://longbridge.com/en/news/286792596.md)
- [CMOC Group (CMCLF): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/286625840.md)
- [BREAKINGVIEWS-SpaceX seals private market’s triumph over public](https://longbridge.com/en/news/286936344.md)
- [PTA-DD: Warimpex Finanz- und Beteiligungs AG: Managers' transactions announcement according to article 19 MAR](https://longbridge.com/en/news/286901864.md)
- [Valhalla Metals Announces Closing of First Tranche of Over-Subscribed Private Placement | VMXXF Stock News](https://longbridge.com/en/news/286904505.md)