# Torch Electron adds 8.4 billion MLCC capacity with convertible bonds

Torch Electron received regulatory approval on March 14, 2020, for a 600 million yuan convertible bond issuance to fund a project adding 8.4 billion small-volume thin-layer ceramic capacitors annually.

- Type: Expansion
- Announced: 2020-03-14
- Where: China
- Value: $85.0M (600.0M CNY)
- Status: announced
- Capacity: 8.4 billion small-volume thin-layer ceramic capacitors per year
- Products: multilayer ceramic capacitors (MLCC)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Torch Electron](https://endata.com/companies/46112.md)

## Sources

- [eefocus.com](https://www.eefocus.com/article/463542.html), 2020-03-25: "火炬电子于2019年进行公开发行可转换债券6亿元，用于新增84亿只小体积薄介质层陶瓷电容器产能"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.