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Grandway Advised Nanshan Zhishang on Convertible Bond Issuance to Unspecified Investors Approved by SZSE
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On January 12, 2023, Shandong Nanshan Zhishang SCI-TECH Co., Ltd. (“Nanshan Zhishang”) (stock abbreviation: Nanshan Zhishang, stock code: 300918) was approved by the Listing Committee of Shenzhen Stock Exchange at its 2nd deliberation meeting in 2023 for convertible bond issuance to unspecified investors.
Nanshan Zhishang is a national high-tech enterprise integrating textile and apparel intelligent manufacturing and brand operation, whose main business is R&D, design, production and sales of worsted tweed and formal business attire and protective products. Nanshan Zhishang is a single champion demonstration enterprise of worsted wool fabric assessed by Ministry of Industry and Information Technology and China Federation of Industrial Economics, and has a strong market influence in the market of worsted wool fabric products. As a leading enterprise of China’s business attire, the company has been awarded “China’s business attire leading enterprise”, “Top 10 brands of China’s business attire” and “Top 10 brands of China’s business attire”.
Nanshan Zhishang issued convertible bonds to unspecified investors to raise total funds not exceeding RMB 699,580,000, which will be used for the construction project of 3,000 tons of New Material of Ultra High Molecular Weight Polyethylene (“UHMWPE”) per year.