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Yonghe Refrigerant to Raise 2.05 Billion Yuan From Convertible Bonds Issuance

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Zhejiang Yonghe Refrigerant (SHA:605020) plans to raise up to 2.05 billion yuan from the issuance of convertible bonds, according to a Thursday disclosure on the Shanghai bourse.

Proceeds will be used for the construction of Baotou Yonghe New Materials' new energy materials industrial park and to supplement the refrigerant manufacturer's working capital.

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