Puyang Refractories to issue no more than RMB626 million convertible bonds
2020-04-20 11:56:21 [Print]
Puyang Refractories disclosed its plan on issuing convertible bonds on April 17th
. According to the plan, the company will raise no more than RMB626 . 3903 million (USD88,516,965) via issuing convertible bonds . The funds, after deducting issuance fee, will be used in its 40,000tpy preformed unit project, 10,000tpy taphole clay refractory smart manufacturing project, 10,000tpy high-performance environment-friendly slack back plate smart manufacturing project and Shanghai R&D center construction project and be used as supplementary working capital.