Delton Technology (Guangzhou) Inc. (001389.SZ) has announced a plan to issue A-share convertible bonds to unspecified investors, aiming to raise a maximum of 3.6 billion yuan.
The net proceeds from the offering, after deducting issuance expenses, are earmarked for several key initiatives. These include funding the second phase of its Cloud-Powered Intelligent Manufacturing Base project, a technological upgrade for its high-layer-count production lines, and supplementing its working capital.
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