Jinli Permanent Magnet (300748.SZ) subsidiary plans to issue $117.5 million convertible corporate bonds that can be converted into H shares of the company.

China Fortune Financial APP News, Jinli Permanent Magnet (300748.SZ) announced that the company plans to issue $117.5 million USD convertible bonds with guarantees that can be converted into H shares through its wholly-owned overseas subsidiary, Jinli Permanent Magnet Green Technology (Hong Kong) Limited ("Green Technology"), on the Hong Kong Stock Exchange. The company will provide guarantees for the issuance of convertible bonds by its wholly-owned overseas subsidiary.