Wuxi Zhenhua(SH:605319) Shang Hai Zheng Quan Bao·2025-06-15 18:44Core Points - Wuxi Zhenhua Automotive Parts Co., Ltd. has approved a plan to issue convertible bonds to unspecified investors, with the approval from the China Securities Regulatory Commission [1][48] - The total amount to be raised from the issuance is RMB 520 million, with 5.2 million bonds to be issued at a face value of RMB 100 each [2][50][52] - The bonds will have a term of 6 years, from June 18, 2025, to June 17, 2031 [6][55] - The interest rates for the bonds will increase progressively from 0.20% in the first year to 2.30% in the sixth year [8][57] - The initial conversion price for the bonds is set at RMB 31.98 per share [16][67] Issuance Details - The bonds will be listed on the Shanghai Stock Exchange [1][48] - The bonds will be issued in a manner that allows original shareholders to have priority in subscription [37][84] - The company will open a special account for the raised funds and sign a regulatory agreement to ensure proper management and usage of the funds [46][47] Conversion and Redemption Terms - The conversion period for the bonds will start from December 24, 2025, and end on June 17, 2031 [16][66] - The company will redeem all unconverted bonds at the end of the term, with the redemption price to be determined based on market conditions [26][74] - There are conditions under which the company can redeem the bonds early if certain stock price thresholds are met [27][75] Rights and Adjustments - Holders of the convertible bonds will have rights to dividends equivalent to those of existing shareholders upon conversion [35][82] - The conversion price may be adjusted based on corporate actions such as stock dividends or capital increases [18][68] - There are provisions for downward adjustments to the conversion price if the stock price falls below a certain threshold for a specified period [21][69]