Anhui Yingliu Electromechanical (SHA:603308) plans to issue convertible corporate bonds of 1.50 billion yuan, according to a Shanghai bourse disclosure on Wednesday.
The Chinese equipment manufacturer's shares slipped over 1% at the close of Thursday's trade.
Proceeds from the issuance will be used to fund the company's blade and casing machining & coating project and the upgrading of the advanced nuclear energy materials and key components intelligent plant, as well as paying debts and supplementing the company's working capital.
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