Jintian Copper gets green light to issue convertible bonds
2021-01-20 12:01:46 [Print]
Jintian Copper announced on January 19 that the Issuance Examination Committee of China Securities Regulatory Commission approved its application to issue convertible bonds on January 18.
Jintian Copper last year unveiled the planned issuance of six-year convertible bonds worth up to 1.5 billion yuan (220 million US dollars) to advance its 80,000tpy hot-rolled copper strip project, 50,000tpy high-strength high-conductivity copper alloy bar and wire project, high-end copper-based new material project in Guangdong and the construction of Jintian National Technology Center, as well as to supplement the working capital. Relevant equity investment projects will still focus on copper processing, the main business of Jintian Copper, to further expand production capacity of medium- and high-end products such as copper plate and strip, copper bar, copper wire, and electromagnetic wire, so as to enter South China market relying on its overall advantages, as well as to meet consumer demand for high-quality copper materials.
Jintian Copper last year unveiled the planned issuance of six-year convertible bonds worth up to 1.5 billion yuan (220 million US dollars) to advance its 80,000tpy hot-rolled copper strip project, 50,000tpy high-strength high-conductivity copper alloy bar and wire project, high-end copper-based new material project in Guangdong and the construction of Jintian National Technology Center, as well as to supplement the working capital. Relevant equity investment projects will still focus on copper processing, the main business of Jintian Copper, to further expand production capacity of medium- and high-end products such as copper plate and strip, copper bar, copper wire, and electromagnetic wire, so as to enter South China market relying on its overall advantages, as well as to meet consumer demand for high-quality copper materials.
Copper Conc. 20%min Delivered China
Unit:RMB/mt Cu
China crude copper producers' suspension number statistics by province by month
Unit: pcs
