Xi'An Sinofuse Electric Co.,Ltd. (301031.SZ) has announced plans to issue convertible corporate bonds to unspecified investors, with total proceeds capped at RMB 800 million (inclusive).
The company stated that after deducting issuance expenses, the net proceeds will be allocated to the Sainuoke New Energy Technology Park project, the expansion and construction project for circuit protection component series products, and to supplement working capital.
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