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Fengmao Co., Ltd.: Announces Plans to Raise Up to 610 Million Yuan via Convertible Bond Issuance
2025-11-04 /
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Author：小编
Fengmao Co., Ltd. has made a public announcement, stating its intention to issue convertible bonds with the aim of raising funds not exceeding 610 million yuan. The proceeds from this bond issuance are earmarked for several key initiatives. Firstly, they will be channeled into the production base (Phase I) project focused on the intelligent chassis thermal control system. Secondly, the funds will support the construction project designed to produce 8 million sets of automotive rubber hoses annually. Lastly, a portion of the raised capital will be utilized to bolster the company's working capital reserves.
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