Dowstone Technology to issue convertible bonds to raise funds of no more than RMB2.2 billion for nickel matte and precursor projects

Dowstone Technology announced on April 15 that it planned to issue convertible bonds of no more than RMB2.Asian Metal CopyrightDowstone Technology announced on April 15 that it planned to issue convertible bonds of no more than RMB2.Asian Metal Copyright2 billion (USD345 million), which would be used for the Indonesian laterite nickel mine project with nickel matte of 20,000tpy nickel metal, the first phase of the green intelligent manufacturing project of 50,000tpy cobalt and nickel and 100,000tpy precursor (the first phase has an annual output of 50,000t of precursors), Dowstone new energy cycle research institute project, the repayment of bank loans and the replenishment of working capital.
.Asian Metal Copyright2 billion USD345 million, which would be used for the Indonesian laterite nickel mine project with nickel matte of 20,000tpy nickel metal, the first phase of the green intelligent manufacturing project of 50,000tpy cobalt and nickel and 100,000tpy precursor the first phase has an annual output of 50,000t of precursors, Dowstone new energy cycle research institute project, the repayment of bank loans and the replenishment of working capitalAsian Metal Copyright