Shengjian Technology to Issue 493 Million Yuan in Convertible Bonds
Shanghai Shengjian Technology plans to issue convertible bonds worth up to 492.8 million yuan to fund a project, according to a Shanghai bourse filing on Thursday. The Chinese green technology service provider will use the proceeds from the issuance to fund a phase I semiconductor equipment and key components project and to supplement its working capital. The convertible bonds' interest rate is yet to be determined. Shares of the company were up nearly 2% in afternoon trade.
Shanghai Shengjian Technology plans to issue convertible bonds worth up to 492.8 million yuan to fund a project, according to a Shanghai bourse filing on Thursday.
The Chinese green technology service provider will use the proceeds from the issuance to fund a phase I semiconductor equipment and key components project and to supplement its working capital.
The convertible bonds' interest rate is yet to be determined.
Shares of the company were up nearly 2% in afternoon trade.
