Core Viewpoint - Weibo Hydraulic plans to issue convertible bonds to raise up to 100 million RMB, with proceeds allocated for high-end hydraulic power systems, R&D center construction, and working capital [1][3]. Fund Allocation - The total investment for the high-end hydraulic power systems and core components project is 450 million RMB, with 420 million RMB from the bond issuance [2]. - The R&D center construction project has a total investment of 280 million RMB, fully funded by the bond proceeds [2]. - The working capital will receive 300 million RMB from the bond issuance [2]. - The total planned investment for all projects is 1.03 billion RMB, with 100 million RMB from the bond issuance [2]. Bond Details - The convertible bonds will be issued at a face value of 100 RMB each and will be listed on the Beijing Stock Exchange [2]. - The issuance will be conducted through a targeted offering, pending approval from the Beijing Stock Exchange and the China Securities Regulatory Commission [2][3]. Subscription and Related Parties - The bonds will be subscribed for in cash, with the actual controller, Ma Jinxing, participating as a related party, which constitutes a related transaction [3]. - As of the draft prospectus signing date, no other specific subscribers have been confirmed apart from Ma Jinxing [3]. Strategic Objectives - The issuance aims to meet downstream market demand, optimize product structure, and enhance profitability [3]. - It also seeks to overcome core technology bottlenecks, accelerate domestic substitution processes, and improve industry competitiveness [3].
威博液压拟发不超1亿元可转债 2022年上市募0.82亿