Shenzhen Megmeet Electrical Co.Ltd(002851) the proposed issuance of convertible bonds will raise no more than 1.22 billion yuan

Shenzhen Megmeet Electrical Co.Ltd(002851) disclose the plan for public issuance of convertible corporate bonds. The capital raised in this offering is not more than 1220 million yuan. After deducting the issuance expenses, it is proposed to invest in Hangzhou high-end equipment industry center project, Zhuzhou base expansion project (phase II), intelligent warehousing project and supplementary working capital project.