On the evening of September 15, Hangcha Group (603298.SH) made an announcement stating that its board of directors had given the green light to a proposal aimed at issuing convertible corporate bonds to unspecified investors. The total amount to be raised through this issuance will not surpass 2.259 billion yuan, with a maturity period set at 6 years. The funds garnered from this initiative will be earmarked for several strategic projects. These encompass the establishment of an intelligent forklift robot factory, the expansion of new energy forklift production capabilities, research and development efforts focused on forklifts and logistics robots, as well as bolstering working capital reserves. It is important to note that this move is still subject to the approval of the shareholders' meeting before it can proceed.
