On the evening of August 4, Aoyang Shunchang (002245) announced a plan for the public issuance of convertible corporate bonds. The total amount of funds planned to be raised in this issuance shall not exceed RMB 510 million. The convertible bonds issued this time have a face value of RMB 100 each and are issued at face value.
The coupon rate of the convertible corporate bonds issued this time will not exceed 4.0%. After deducting issuance expenses, all the funds raised this time will be invested in the company's LED epitaxial wafer and chip industrialization project (Phase II). The project implementation entity is Huaian Aoyang Shunchang Optoelectronics Technology Co., Ltd.
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