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HUATONG WIRES & CABLES GROUP plans to issue convertible bonds to raise no more than 800 million yuan
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According to the Zhitong Finance APP, HUATONG WIRES & CABLES GROUP 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 800 million yuan (including the principal). After deducting issuance costs, the net funds raised are intended to be invested in the following projects: oil service continuous pipe and smart cable expansion project, submersible pump cable technical transformation and submersible electric pump industrialization project, and working capital replenishment project
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