Event
Fujia Shares cuts convertible bond fundraising to RMB 460 million for second time
1 reports · 1 sources
Fujia Shares' board approved an adjustment plan on October 19, lowering the proposed upper limit for convertible bond fundraising from RMB 500 million to RMB 460 million, of which approximately RMB 346 million is directed to the Vietnam production base (Phase II) and approximately RMB 114 million to replenish working capital; Vietnam Phase II became the sole industrial construction project among this fundraising round. Compared with the June plan, the total investment in Vietnam Phase II decreased from RMB 438,009,800 to RMB 393,582,300, a drop of about 10%, but the newly added target of an annual output of 3.4 million units remains unchanged. The project is located in Dong Nai Province, Vietnam, with a two-year construction period. The company said that overseas major customers' requirement to retain overseas production capacity is one reason for continuing to expand the Vietnam factory, but this does not mean customers will increase orders.
Report timeline
- Fujia Shares' fundraising shrinks twice but still bets on Vietnam, aiming to keep major customer orders
Fujia Shares (603219.SH) approved an adjusted convertible bond plan at its board meeting on October 19, lowering the fundraising cap from 500 million yuan to 460 million yuan, with about 346 million yuan going to the Vietnam production base (phase II); the target of adding 3.4 million units of annual capacity remains unchanged, and Vietnam phase II becomes the sole industrial construction project.
钛媒体 ·