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Yunnan Enjie New Material Co., Ltd.'s application for public issuance of convertible corporate bonds was approved by the China Securities Regulatory Commission
Release: Original Release time: 2019-12-02 Read: 4564

Yunnan Enjie New Materials Co., Ltd. (hereinafter referred to as the "Company") intends to publicly issue convertible bonds with a total amount not exceeding 1.6 billion yuan, of which 600 million yuan will be used for Jiangxi Tongrui New Energy's annual output of 400 million square meters of lithium ion battery separator (Phase 1); 1 billion yuan for the project of Wuxi Enjie New Materials Industrial Base. On November 22, 2019, the company's application for public issuance of convertible corporate bonds was reviewed and approved by the China Securities Regulatory Commission's Issuing Committee.




At present, the company has established a stable cooperative relationship with Ningde Times, Guoxuan Hi-Tech, BYD, Samsung, LG Chem, Funeng Technology, Tianjin Lishen and other customers and formed batch supply. If the convertible bond issuance is successful, it will be an important step in the company's overall strategic development, which will help further expand the company's production capacity, increase market share, and strengthen the company's comprehensive competitiveness, thereby further consolidating the company's industry position in the field of lithium battery separators .


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