Trust Chem Co., Ltd., a company listed on the Shenzhen Stock Exchange, has released a plan for a public offering of convertible corporate bonds. The total funds to be raised from this issuance are projected not to exceed 4.5 billion yuan, inclusive. After deducting issuance expenses, the net proceeds are intended to be allocated to several specific projects.
These investments include the high-performance post-processing project for dyes and pigments at Liaoning Trust Chem Industrial Co., Ltd., a 1,500-ton-per-day wastewater treatment construction project at Liaoning Trust Chem Ziyuan New Material Co., Ltd., an initiative to enhance the global marketing and service network, a global digital and intelligent ERP system project, and a portion for repaying bank loans.