Jinan Shengquan (SHA:605589) will undertake a convertible bond offering of 2.5 billion yuan.
The offering will be issued June 25, with the lottery draw date to follow on June 26, according to a Tuesday filing with the Shanghai bourse.
Sinolink Securities and CITIC Securities serve as joint lead underwriters.
Shares of the resin manufacturer slid 10% in recent trade.