HXG plans to issue convertible bonds to raise no more than 1.308 billion yuan
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According to the Zhitong Finance APP, HXG has announced a plan to issue convertible corporate bonds to unspecified objects. The total amount of funds to be raised from this issuance of convertible corporate bonds is not expected to exceed RMB 1.308 billion. After deducting issuance costs, the net amount raised is intended to be used for the following projects: RMB 1.058 billion for core component capacity enhancement and industrial chain extension projects; RMB 250 million for supplementing working capital and repaying debts
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