Shunbo Alloy starts issuance of convertible bond worth 830 million yuan
2022-08-11 14:56:57 [Print]
Shunbo Alloy announced on the evening of August 9 that they officially started to issue convertible bond worth 830 million yuan (125 million US dollars) with the approval of the China Securities Regulatory Commission. The term of this convertible bond is six years, from August 12, 2022 to August 11, 2028.
After deducting issuance fees, the proceeds will be used for the construction and operation of the new material industry base project (phase I) with an annual production capacity of 400,000t of secondary aluminum of the company and to supplement working capital. The 400,000tpy secondary aluminum project is located in Xinshi Industrial Park, Ningma New Functional Zone, Maanshan, Anhui. It is implemented by Shunbo Alloy (Anhui) Co., Ltd., a wholly-owned subsidiary of the company, with a total investment of 1.869 billion yuan (281 million US dollars).
After deducting issuance fees, the proceeds will be used for the construction and operation of the new material industry base project (phase I) with an annual production capacity of 400,000t of secondary aluminum of the company and to supplement working capital. The 400,000tpy secondary aluminum project is located in Xinshi Industrial Park, Ningma New Functional Zone, Maanshan, Anhui. It is implemented by Shunbo Alloy (Anhui) Co., Ltd., a wholly-owned subsidiary of the company, with a total investment of 1.869 billion yuan (281 million US dollars).
Aluminum Alloy ADC12 Delivered China
Unit:RMB/mt
China secondary aluminum alloy producers' inventory statistics by province by month
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