On August 3, the convertible bonds of Dayu Irrigation Group Co., Ltd. were successfully sold, and the total amount of raised funds was 638 million yuan (It's 91.77 million dollors)

The company raised funds by issuing convertible bonds,which are mainly used for intelligent factory construction projects of high-end water-saving irrigation products, modern agricultural operation services and construction projects of science and technology research and development center, as well as supplementary working capital.

It will promote the transformation and upgrading of the company to a modern agricultural science and technology service company and It is conducive to consolidating the company's market position and enhancing its comprehensive competitiveness.