According to the Zhitong Finance App, Zhongke Magnetic Industry (301141.SZ) announced a plan to issue convertible corporate bonds to unspecified targets. The total amount of capital to be raised in this issuance is not more than 609 million yuan (inclusive). After deducting issuance fees, the funds raised are intended to be used for investment in the following projects: intelligent manufacturing and industrialization projects for high-performance rare earth permanent magnet components for thermal management systems and robots, and supplementary working capital.

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