Ferrotec(An Hui) plans to raise up to 1.176 billion yuan via convertible bonds

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Aug 14

Ferrotec(An Hui)Technology Development Co.,Ltd. (301297.SZ) announced a plan to issue convertible bonds to unspecified investors, with a total fundraising amount not exceeding RMB 1.176 billion (including the principal amount).

After deducting issuance costs, the net proceeds will be used for the following projects: Dalian Ferrotec precision cleaning and regeneration service production line construction project, precision cleaning and regeneration service base (Shanghai Lingang) construction project, semiconductor equipment precision regeneration and ceramic packaging carrier plate project (Phase I), precision cleaning and regeneration service base (Shenzhen) construction project, semiconductor equipment high-process precision component annual repair of 400,000 pieces project, precision cleaning and regeneration service base (Wuhan) construction project, and precision component production, maintenance, and regeneration construction project.

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