Xinwangda: Xinwangda automobile battery plans to borrow convertible bonds totaling 800 million yuan
Financial Associated Press, September 14 - Xinwangda announced that Xinwangda automobile battery, the company's holding subsidiary, has signed the convertible bond agreement with Tianjin harmony, CITIC investment and Haining Changhong to borrow convertible bonds from the above parties. Tianjin harmony, CITIC investment and Haining Changhong will provide convertible bond loans of RMB 400 million, RMB 300 million and RMB 100 million respectively to Xinwangda automobile battery as investors for the daily operating funds of Xinwangda automobile battery.
This text is a result of machine translation.
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