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Shenling Environmental Systems to Raise 1 Billion Yuan From Convertible Bonds

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Guangdong Shenling Environmental Systems (SHE:301018) plans to raise proceeds of up to 1 billion yuan from the issuance of convertible bonds, according to a Shenzhen bourse filing on Wednesday.

The Chinese air conditioning equipment company's shares jumped 5% during Thursday's afternoon trade.

The convertible bonds will have a term of six years.

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