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Keboda Technology (SHA:603786) plans to offer convertible bonds worth 1.49 billion yuan, according to a Shanghai bourse filing on Friday.The Kebo Convertible Bond will be first offered to shareholders registered by Thursday, July 2.The Chinese automotive parts manufacturer's shares rose 2% at the close.
Keboda Technology (SHA:603786) plans to raise net proceeds of 1.49 billion yuan through the issuance of convertible bonds, according to a Shanghai bourse filing on Wednesday.Proceeds will be used for four projects, including the expansion of the Anhui production base, Zhejiang automotive electronics plant and the construction of a digital infrastructure. The rest will be used to supplement the company's working capital.The Chinese automotive parts manufacturer's shares rose over 1% during the midday trade.
