Infore Environment's controlling shareholder gets nod for 1 bn yuan exchangeable bonds

Infore Environment Technology Group Co., Ltd. announced that Infore Group Co., Ltd., a concerted party of its controlling shareholder, has received a "No Objection Letter" from the Shenzhen Stock Exchange. This approval is for the non-public issuance of exchangeable corporate bonds.

The approval, valid for 12 months, confirms the proposed bonds meet the Shenzhen Stock Exchange's listing conditions. Infore Group plans to raise up to 1 billion yuan through these exchangeable bonds, with final terms subject to market conditions. Bondholders will have the option to exchange their bonds for Infore Environment Technology Group shares during the exchange period, if conversion conditions are met.

As of the announcement, Infore Group and its concerted parties collectively hold 45.51% of the company's total share capital. The company clarified this issuance will not alter the controlling shareholder or actual controller. Investors are advised to be aware of investment risks.