Nanjing Sunlord Electronics To Issue Bonds To Fund Asset Acquisition, Replenish Capital

Nanjing Sunlord Electronics Corp Ltd 300975:

• SAYS IT PLANS TO RAISE UP TO 1 BILLION YUAN ($140.42 million) VIA CONVERTIBLE BOND ISSUANCE TO FUND ASSET ACQUISITION, REPLENISH CAPITAL

• SAYS UNIT PLANS TO ACQUIRE 88.8% STAKE IN TECH FIRM FOR 708.9 MILLION YUAN

($1 = 7.1214 Chinese yuan renminbi)