Trust Chem Co., Ltd. Announces Plans for Convertible Bond Offering to Raise Up to 4.5 Billion Yuan

Stock News
Jul 07

Trust Chem Co., Ltd., a company listed on the Shenzhen Stock Exchange, has released a plan for a public offering of convertible corporate bonds. The total funds to be raised from this issuance are projected not to exceed 4.5 billion yuan, inclusive. After deducting issuance expenses, the net proceeds are intended to be allocated to several specific projects.

These investments include the high-performance post-processing project for dyes and pigments at Liaoning Trust Chem Industrial Co., Ltd., a 1,500-ton-per-day wastewater treatment construction project at Liaoning Trust Chem Ziyuan New Material Co., Ltd., an initiative to enhance the global marketing and service network, a global digital and intelligent ERP system project, and a portion for repaying bank loans.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10