Angel Yeast Plans Convertible Bond Issuance to Raise Up to 3.5 Billion Yuan
Stock News
Sep 24
According to an announcement, Angel Yeast Co.,Ltd. (600298.SH) intends to issue convertible corporate bonds with a total fundraising amount not exceeding 3.5 billion yuan (inclusive of that amount).
After deducting issuance expenses, the proceeds are planned to be invested in the following projects: Phase II of the company's Baiyang Biotechnology Park project in Yichang High-tech Zone, the company's yeast protein core technology research project in Yichang, the 2,0000-ton-per-year yeast products green manufacturing project of Kokdala Angel Yeast Co., Ltd., the park factory's 60,000-ton-per-year food ingredient flexible intelligent manufacturing and supporting project, and supplementary working capital.
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