HCD plans to issue convertible bonds to raise no more than 650 million yuan
HCD plans to issue convertible corporate bonds to unspecified objects, with a total fundraising amount not exceeding 650 million RMB. The initial conversion price of the convertible bonds will not be lower than the average stock price of the 20 trading days prior to the announcement date and the average price of the previous trading day. The raised funds will be used for power battery and energy storage battery system projects and to supplement working capital
According to the Zhitong Finance APP, HCD (300909.SZ) disclosed a plan to issue convertible corporate bonds to unspecified objects. The company plans to issue convertible corporate bonds to raise a total of no more than RMB 650 million (inclusive). The initial conversion price of the issued convertible bonds will not be lower than the average trading price of the company's stock over the twenty trading days prior to the announcement date of the fundraising prospectus and the average trading price of the company's stock on the previous trading day. The funds raised from this issuance, after deducting issuance costs, will be used for the "CCS and new energy connector project for power batteries and energy storage battery systems" and "supplementing working capital project."
