Dematic Technology (688360.SH) has unveiled its proposal to issue convertible corporate bonds with a total value not exceeding 702 million yuan. Following the deduction of issuance expenses, the proceeds will be allocated to a range of projects. These encompass the expansion of production and research and development (R&D) efforts focused on core components for intelligent logistics equipment, the establishment of an R&D hub dedicated to intelligent logistics equipment and embodied AI systems, the production and construction initiative for industrial intelligent data acquisition terminals, the expansion of energy-efficient integrated permanent magnet motor projects (Phase I), as well as to bolster working capital reserves.
