Jiangsu Gian Technology (300709.SZ) plans to issue convertible bonds to raise funds of up to 578 million yuan.

Jiangsu Gian Technology (300709.SZ) disclosed a plan to issue convertible corporate bonds to unspecified investors. The total amount of funds to be raised through the issuance of convertible corporate bonds shall not exceed 578 million yuan (including the principal amount), and the initial conversion price shall not be lower than the average trading price of the company's stock for the twenty trading days prior to the announcement date of the prospectus and the trading price of the company's stock on the previous trading day. After deducting the issuance expenses, the net proceeds from this issuance are intended to be invested in a project for the production of precision MIM parts and components for new consumer electronics and data server applications, the construction of headquarters and R&D center project, and the construction of a precision mold center project.