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FINWIRES

OPT Machine Vision Tech Seeks Up to 1.27 Billion Yuan from Convertible Bond Issuance

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OPT Machine Vision Tech (SHA:688686) plans to raise up to 1.27 billion yuan from the issuance of convertible corporate bonds to unnamed investors, according to a prospectus filed Monday with the Shanghai Stock Exchange.

The bonds hold a term of six years maturing on July 28, 2032, with an interest of 0.1% on the first year, 0.3% on the second year, 0.6% on the third year, 1% on the fourth year, 1.5% on the fifth, and 2% on the sixth.

Proceeds will help fund its vision sensor and smart hardware expansion, AI intelligent vision solution system research and development, and industrial-grade robot core projects. It will also help finance working capital.

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