Silane leader plans to raise 700 million to build silicone project

On November 4, Hongbai New Materials released the prospectus for the issuance of convertible corporate bonds by Jiangxi Hongbai New Materials Co., Ltd. to unspecified objects (draft for the meeting). The document mentions: The total amount of funds raised in this issuance shall not exceed RMB 960 million (including the principal amount), and all of it will be used for the following projects after deducting the issuance expenses:

The total investment in the green new material integration project of Jiujiang Hongbai New Materials Co., Ltd. is 850.8299 million yuan. It plans to use 700.000 million yuan of funds raised from this issuance of convertible corporate bonds to unspecified objects, and the remaining part will be used by the company with its own funds. Or solve it by self-financing.