Xinye Textile to invest up to CNY 1.6B in spinning and nonwoven projects

Xinye Textile disclosed a convertible bond plan to raise up to CNY 1.6 billion for three projects: a 165,000-spindle high-grade spinning line in Awati, Xinjiang; a 120,000-spindle functional yarn line in Xinye, Henan; and eight medical nonwoven production lines in Xinye, Henan.

“The total amount of fund-raising will not exceed 1 billion 600 million yuan.”sjfzxm.com

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