Xinye Textile (002087): Public Issuance Of Convertible Bonds Approved
Xinye textile (002087.SZ) announced that recently, the company received the Henan Provincial People's government's state-owned assets supervision and Administration Commission ("SASAC") issued by the Xinye Provincial Finance Bureau. The provincial government SASAC on the Henan Xinye textile Limited by Share Ltd issued a public offering of Switching Company bonds approved (the [2020]28 of the state owned assets of Xinye), and the provincial SASAC agreed to Xinye textile in principle. Weaving through the stock market public issuance of Switching Company bonds, the total amount of raised funds not more than 1 billion 600 million yuan (inclusive), used for Akesu new hair industry Co., Ltd. 165 thousand spindles of high-end spinning and other projects and supplementary liquidity.
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