Xinhua Co., Ltd. (603867.SH) plans to issue convertible bonds to raise no more than 900 million yuan.

Zhitong Finance APP News, Xinhua Co., Ltd. (603867.SH) announced that the company plans to issue convertible corporate bonds to unspecified objects, with a total fundraising amount not exceeding 900 million yuan (including this amount). After deducting issuance expenses, the funds are intended to be invested in: the expansion project of 50,000 tons of isopropanol, 3,500 tons of isopropyl ether, and 200 tons of propane technical transformation; the annual output of 73,000 tons of new materials relocation and upgrading project the annual output of 10,000 tons of special amine new materials relocation and upgrading project; the Zhejiang Xinhua R&D Center construction project; the Ningxia Xinhua Chemical Co., Ltd. hydroformylation project and synthetic fragrance product base project (Phase II and Phase III).