Zhuhai CosMX Battery (SHA:688772) secured the Shanghai bourse's approval for private placement of shares to 35 investors, according to a Tuesday exchange filing.
The battery company plans to raise up to 2.90 billion yuan from selling up to 339.6 million shares.
China Hongqiao Group (HKG:1378) slashed the conversion price of certain convertible bonds due 2030 to HK$18.44 per share from HK$19.36 apiece, effective Wednesday, according to a Tuesday Hong Kong bourse filing.The bonds comprise $300 million of 1.5% convertible bonds maturing in four years.The move came following the payment of a dividend to the firm's shareholders.Following the adjustment, the number of conversion shares to be issued on full conversion will increase by over 6 million, bringing the total to more than 126.4 million.
The Shanghai Stock Exchange approved Science Environmental Protection's (SHA:688480) planned issuance of convertible bonds, according to a Tuesday bourse filing.China's securities regulator has yet to approve the issuance.
Nanjing Develop Advanced Manufacturing (SHA:688377) is looking to issue 907.7 million yuan in convertible bonds, according to a Tuesday filing with the Shanghai bourse.The number of convertible bonds shareholders are entitled to subscribe to will be calculated based on the ratio of 3.886 yuan of convertible bonds per share.The coupon for the convertible bonds is set at 0.2% for the first year, 0.4% for the second year, 0.6% in the third, 1% in the fourth, 1.5% in the fifth, and 2% in the sixth.