On 28 October 2022, IKD Co., LTD. convertible corporate bonds (hereinafter referred to as "convertible bonds") were listed and traded on the shanghai Stock Exchange.
As a leading professional supplier of automotive aluminum alloy precision die casting parts in China IKD focuses on automotive lightweight, energy saving, environmental protection, new energy electrification, intelligent driving direction, and providing automotive lightweight aluminum alloy product solutions for the global automotive market.
The total amount raised by the convertible bonds reaches 1.57 billion Yuan, which will be used for intelligent manufacturing Technology program. The implementation of project will further expand IKD strategic layout in the core parts and large structure parts of the three-electric system of new energy vehicles, and enhance the competitiveness of IKD in the field of integrated die casting, to meet the dual carbon goal, and accelerate the strategic transformation and upgrading.
