Hao Neng Co., Ltd. (603809.SH) plans to issue convertible bonds to raise no more than 1.8 billion yuan.

Securities Times News APP, Haoneng Power Co., Ltd. (603809.SH) announced that the company plans to issue convertible corporate bonds to unspecified investors, with a total fundraising amount not exceeding 1.8 billion yuan. After deducting issuance expenses, the net proceeds of the fundraising are intended to be used for the following purposes: intelligent manufacturing core component project (Phase 2), supplementing working capital, and repaying bank loans.