Hebei Huatong Wires & Cables Group Halts Public Convertible Bond Offering

Stock News
Jul 20

Hebei Huatong Wires & Cables Group Co., Ltd. (SHSE: 605196) has announced the termination of its plan to issue convertible bonds to unspecified investors.

Following the initial disclosure of the convertible corporate bond issuance proposal, the company's board of directors, management team, and intermediaries had been actively and systematically progressing with all related tasks.

After comprehensive consideration of the company's operational status and overall development strategy, and following prudent analysis and thorough discussions with intermediaries, the company has decided to cease the plan for issuing convertible bonds to unspecified objects.

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