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On June 9, Huitong issued an announcement stating that the company intends to issue convertible corporate bonds to unspecified objects.
The total amount of funds raised shall not exceed 850 million yuan.
The total amount of funds raised will be used for an annual output of 300,000 tons of high-performance composite bonds after deducting the issuance costs.
Material projects and supplementary working capital
.
Among them, 250 million yuan will be used to supplement the company's working capital, and 600 million yuan will be used for projects with an annual output of 300,000 tons of high-performance composite materials
It is reported that the total investment in the high-performance composite material project with an annual output of 300,000 tons of Huitong shares is about 1.
106 billion yuan
.
The company said that the 600 million yuan in the proposed fundraising will inject "new fuel" into the company's fundraising projects and help the company's sustainable and rapid development in the future
The announcement shows that Huitong shares are mainly engaged in the research and development, production and sales of modified plastics
.
As one of the domestic modified plastics companies with a large scale and a wide range of customers, Huitong shares have been in the forefront of the modified plastics industry with comprehensive competitive advantages after years of accumulation of technology and market experience
Li Jianyi, chairman of Huitong shares, said that in the next three to five years, the company will seize major strategic opportunities, focus on the development needs of national strategic industries and the direction of foreign monopoly, and adhere to the two-wheel drive strategy of internal growth and extensional expansion to protect the company.
