TYN(SZ:000591) Zheng Quan Zhi Xing·2025-03-30 08:41Core Viewpoint - The company, China Energy Conservation Solar Co., Ltd., is issuing convertible bonds to unspecified investors, with a total issuance amount of 295,000 million yuan, equivalent to 29,500,000 bonds priced at 100 yuan each [5][6]. Group 1: Issuance Details - The convertible bonds will be offered to existing shareholders first, with the priority subscription date set for March 28, 2025 [2][5]. - The total amount subscribed by existing shareholders reached 1,869,337,500 yuan, accounting for 63.37% of the total issuance [6]. - The remaining bonds, after the priority subscription, will be offered to the public through the Shenzhen Stock Exchange [2][3]. Group 2: Subscription Results - The total valid subscription amount from public investors was 79,999,209,010 bonds, resulting in a very low winning rate of 0.0135084085% [6]. - The actual allocation for public investors was 10,806,620 bonds, while existing shareholders received 18,693,375 bonds, achieving a 100% allocation rate for them [6][7]. - The total number of applications received was 80,017,902,385, indicating a high level of interest in the offering [6]. Group 3: Underwriting and Risk Management - The lead underwriter, Huatai United Securities, will underwrite any shortfall in subscriptions, with a maximum underwriting amount not exceeding 30% of the total issuance [4][5]. - If the total subscription amount falls below 295,000 million yuan, the underwriter will take necessary measures, including potentially halting the issuance [3][4].