SHA:688484

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Southchip Semiconductor to Issue Convertible Bonds Worth 1.59 Billion Yuan; Shares Jump 8%

Southchip Semiconductor Technology (SHA:688484) plans to issue convertible bonds worth 1.59 billion yuan, according to a Shanghai bourse filing on Tuesday.The offering and subscription date is on Thursday, June 18.CITIC Securities Construction Investment is the lead underwriter of the issuance.The chipmaker's shares jumped 8% during the morning trade.

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