FilingReader Intelligence
Poly Developments adjusts convertible bond plan, cuts size
March 31, 2025 at 12:22 PM UTC•By FilingReader AI
Poly Developments & Holdings Group (SSE:600048) has announced adjustments to its plan to issue convertible corporate bonds to specific targets, initially outlined in August 2024. The key change involves a reduction in the total issuance amount from no more than CNY950,000,000.00 to no more than CNY850,000,000.00, with proceeds no longer earmarked for working capital. Consequently, the number of bonds offered has been revised downwards to 8,500 million.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Feasibility Analysis Report on the Utilization of Funds Raised from the Issuance of Convertible Corporate Bonds to Specific Targets by Poly Developments and Holdings Group Co., Ltd. (Second Revised Draft)March 30, 2025 at 07:46 AM UTC
Poly Developments & Holdings Group Co., Ltd.'s Plan for Issuing Convertible Corporate Bonds to Specific Targets (Second Revised Draft)March 30, 2025 at 07:46 AM UTC
Announcement of the 4th Interim Board Resolution of Poly Developments & Holdings Group Co., Ltd. in 2025March 30, 2025 at 07:46 AM UTC
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