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.
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