CSRC approves Jintian Copper's application for issuing convertible bonds
2021-02-02 11:31:30 [Print]
Jintian Copper announced on February 1 that it has received the official approval document from China Securities Regulatory Commission (CSRC) for its issuance of six-year convertible bonds worth up to 1.5 billion yuan (220 million US dollars).
Jintian Copper said earlier that 1.5-billion-yuan funds raised from the issuance will be used 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.
Jintian Copper said earlier that 1.5-billion-yuan funds raised from the issuance will be used 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.
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