Longxing Chemical's convertible bond issuance was approved, accelerating the pace of listing

Recently, Longxing Chemical Co., Ltd.(stock code: 002442) announced that its convertible bond issuance has been approved by the China Securities Regulatory Commission and will be listed on the main board of the Shenzhen Stock Exchange. This move marks a new stage of development for the company and is expected to further enhance its competitiveness in the global carbon black industry.

As a high-tech enterprise focusing on the research and development, production and sales of carbon black, Longxing Chemical has nearly 20 years of industry experience and is known as one of the top ten carbon black companies in China. The company's products are widely used in the rubber field, including various tires and industrial rubber products. In 2022, its total carbon black output will reach 465,900 tons. According to industry data, the company ranks third in China's carbon black output.

It is understood that the total amount of convertible bonds issued by Longxing Chemical this time reached 7.5475 billion yuan, mainly used for the Shanxi Longxing Carbon-Based New Materials Circular Economy Industry Project (Phase I). This project will not only promote the company's technological innovation in the field of carbon black, but also be an important step in the transition to environmental protection and sustainable development. The company said that through this financing, it will enhance its capital strength and risk resistance capabilities, thereby laying a solid foundation for future sustainable development.