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Longsheng Technology Plans to Issue Convertible Bonds of Up to 713 Million Yuan to Expand Production
Longsheng Technology announced that it plans to issue convertible corporate bonds to unspecified investors, raising total proceeds of no more than 713 million yuan. After deducting issuance expenses, the funds will be used for a project to expand production of core components for new energy vehicle electric drive systems, a project to build precision satellite components, and to supplement working capital.
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300680.CS · Capital · Positive Plans to issue convertible bonds to fund production expansion, which is a financing event.