Dawning Information Industry to Issue Convertible Bonds for Up to 8 Billion Yuan

Stock News02-10 07:00

Dawning Information Industry Co., Ltd. (603019.SH) has announced plans to issue convertible corporate bonds to unspecified investors. The company intends to raise up to 8 billion yuan (inclusive) through the issuance. The initial conversion price will be set no lower than the average trading price of the company's shares over the 20 trading days preceding the announcement of the prospectus and the average trading price on the last trading day before the announcement. After deducting issuance costs, the net proceeds from the bond offering will be allocated to several projects. These include an advanced computing cluster system project tailored for artificial intelligence, a next-generation high-performance integrated AI training and inference appliance project, and a domestically developed advanced storage system project.

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