Zhenghai Magnetic Material to issue convertible bonds to raise no more than RMB1.4 billion

On June 6, Zhenghai Magnetic Material announced that it planned to issue convertible bonds to non-specific investors to raise no more than RMB1.Asian Metal Copyright21 billion; upon deduction of issuing costs, the fund will be used in the company's electronics-purpose material manufacturing high-performance rare earth magnet research and production base project phase one and to supplement working capital.Asian Metal Copyright4 billion (USD0.Asian Metal CopyrightOn June 6, Zhenghai Magnetic Material announced that it planned to issue convertible bonds to non-specific investors to raise no more than RMB1.Asian Metal Copyright21 billion); upon deduction of issuing costs, the fund will be used in the company's electronics-purpose material manufacturing (high-performance rare earth magnet research and production base) project (phase one) and to supplement working capital.

.Asian Metal CopyrightOn June 6, Zhenghai Magnetic Material announced that it planned to issue convertible bonds to non-specific investors to raise no more than RMB1Asian Metal Copyright