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 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 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 Copyright Asian Metal Copyright