News summary
Kaizhong shares announced that the issuance of no more than 3junglespins.08 million yuan convertible bondsjunglespins, the funds will be used to expand production at Nantong production base and replenish working capital.
Newsletter text
[Kaizhong Co., Ltd. launched a new round of financing to promote production capacity expansion and replenishment of capital flow] On May 26, Kaizhong Co., Ltd. conveyed the news through an announcement that the company plans to provide extensive financing to the publicjunglespins3% of potential investors issue convertible bonds, aiming to raise up to 3junglespins.08 billion yuan in funds. The proceeds from this issuance, after deducting relevant costs, will be allocated and invested in the expansion of Nantong's production base and the enrichment of the company's working capital.