众源新材终止不超7亿元可转债

Core Viewpoint - Zhongyuan New Materials (603527) has announced the termination of its plan to issue convertible bonds to unspecified investors, citing a reassessment of its financing strategy in light of current market conditions and company circumstances [1][2]. Group 1: Announcement Details - The company held its fifth board meeting on April 25, 2025, where it approved the resolution to terminate the issuance of convertible bonds [1]. - In previous meetings, the company had planned to issue convertible bonds totaling up to RMB 700 million, intended for projects including a high-precision copper alloy production line and a battery foil project [1]. Group 2: Reasons for Termination - The decision to terminate the bond issuance was based on a comprehensive evaluation of the current capital market environment, policy changes, and the company's operational status and development plans [2]. - The company stated that the termination would not adversely affect its production and operations, nor would it harm the interests of shareholders, particularly minority shareholders [2].