Rongtai Industry's RMB651 million convertible bonds approved by CSRC
2022-07-05 14:45:49 [Print]
Jiangsu Rongtai Industry Co., Ltd. declared recently that the company gained approval from China Securities Regulatory Commission (CSRC) on July 1 to issue convertible corporate bonds worth around RMB651 million (USD97.25 million) at face value in total to the public with a six-year maturity.
Based on the company's previous announcement, the funds raised this time will be injected in the NEV aluminum alloy parts project with an annual output of 1,100,000 units and the Mexican automotive precision aluminum alloy casting expansion project (Phase II).
Based on the company's previous announcement, the funds raised this time will be injected in the NEV aluminum alloy parts project with an annual output of 1,100,000 units and the Mexican automotive precision aluminum alloy casting expansion project (Phase II).
Aluminum Alloy ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' sales volume statistics by province by month
Unit: mt
