Wuxi Zhenhua(SH:605319) Zheng Quan Zhi Xing·2025-06-18 11:30Core Viewpoint - Wuxi Zhenhua Automotive Parts Co., Ltd. has successfully issued convertible bonds totaling 520 million yuan, with a significant portion allocated to existing shareholders and a limited allocation to public investors [2][4]. Group 1: Issuance Details - The company issued 520 million yuan (52,000,000) of convertible bonds, with the bond code "111022" and the name "Xizhen Convertible Bonds" [2]. - The issuance price is set at 100 yuan per bond (1,000 yuan per unit) [4]. - The subscription period for existing shareholders and public investors ended on June 18, 2025 [4]. Group 2: Subscription Results - Existing shareholders received 448,228,000 yuan (448,228 units), accounting for approximately 86.20% of the total issuance [5]. - The public subscription saw 7,862,390,684 units (7,862,390,684,000 yuan) applied for, but only 71,772 units (71,772,000 yuan) were allocated, resulting in a low allocation rate of 0.00091285% [5]. - The total effective subscription amount reached 7,862,838,912 units, with a total allocation of 520,000 units (520,000,000 yuan) [5]. Group 3: Underwriting and Risk Management - The lead underwriter, Dongfang Securities, will underwrite any shortfall in subscriptions, with a maximum underwriting limit of 30% of the total issuance, equating to 156 million yuan [3]. - If the total subscription does not reach 70% of the issuance, the company and the underwriter may consider suspending the issuance [2][3]. Group 4: Future Actions - The listing date for the convertible bonds will be announced separately [5]. - Investors are advised to check the relevant documents and announcements on the Shanghai Stock Exchange website for further details [5].