Maxwell plans convertible bond issue to boost solar tech

Suzhou Maxwell Technologies (SZSE:300751) has announced plans to issue convertible corporate bonds to unspecified investors, seeking to raise a total of up to CNY 196.67 million. The funds are earmarked for the "Calcium Titanate Stacked Solar Cell Equipment Industrialization Project". The offering’s details, including the specific terms and allocation methods, will be determined by the board of directors, subject to shareholder approval and regulatory filings. A recent review of prior funds showed a previous fundraising of CNY 604.68 million had been fully utilized. The stock currently trades on the Shenzhen Stock Exchange. Despite existing risk of shareholders dilution, the board believes in company’s future financial gains due to these efforts.