Shengtak plans to issue convertible bonds to raise no more than 440 million yuan for the construction project of advanced high-nickel seamless pipe manufacturing
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According to the Zhitong Finance APP, Shengtak disclosed a plan to issue convertible corporate bonds to unspecified objects, with the total amount of funds raised from the issuance of convertible bonds not exceeding 440 million yuan (including the principal). The net amount of funds raised after deducting issuance costs will be used for the construction project of advanced high-nickel seamless pipe manufacturing
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