Haoneng(SH:603809) Shang Hai Zheng Quan Bao·2025-04-22 20:46Investment Overview - Chengdu Haoneng Technology Co., Ltd. approved the establishment of a joint venture with Suzhou Shichuan Precision Manufacturing Technology Co., Ltd. with a total investment of RMB 200 million [2] - The joint venture is named Haoneng Shichuan (Luzhou) Precision Manufacturing Co., Ltd. and was officially registered on April 21, 2025 [3] Joint Venture Details - The registered capital of the joint venture is RMB 200 million, and it is located in Luzhou City, with a business scope that includes manufacturing hydraulic power machinery, automotive parts, and various mechanical components [3] Convertible Bond Issuance - The company issued 5.5 million convertible bonds, totaling RMB 550 million, with a face value of RMB 100 per bond [6] - The bonds, named "Hao 24 Convertible Bonds," began trading on November 20, 2024, and are convertible into shares starting from April 29, 2025, at a conversion price of RMB 6.33 per share [6][10] Convertible Bond Terms - The bond has a maturity of 6 years, with a tiered interest rate starting from 0.20% in the first year and increasing to 2.10% in the sixth year [7][8] - The initial conversion price was RMB 8.43 per share, which was adjusted to RMB 6.33 per share due to a profit distribution plan [13]