Jiangsu Huachen(SH:603097) Zheng Quan Zhi Xing·2025-06-19 08:31Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. is issuing convertible bonds to unspecified investors, with the approval of the China Securities Regulatory Commission, aiming to raise a total of RMB 460 million [3][14]. Group 1: Issuance Details - The convertible bonds, named "Huachen Convertible Bonds" with code "113695", have been registered with the China Securities Regulatory Commission [3]. - The total issuance amount is RMB 460 million, with an issuance price of RMB 100 per bond [14]. - The issuance will prioritize existing shareholders, who can subscribe through the Shanghai Stock Exchange trading system [4][11]. Group 2: Subscription Process - Original shareholders can subscribe on June 20, 2025, with a priority allocation ratio of 0.002797 bonds per share [5][11]. - The subscription period for original shareholders is from 9:30 to 11:30 and 13:00 to 15:00 on the subscription day [12]. - Any excess subscription beyond the allocated amount will be deemed invalid, while subscriptions below the limit will be honored [12][14]. Group 3: Public Offering - After the priority subscription for original shareholders, any remaining bonds will be offered to the public through the Shanghai Stock Exchange [19]. - Public investors must use a single securities account for subscription, with a minimum subscription unit of 1 hand (10 bonds) [8][15]. - The maximum subscription limit for each account is 1,000 hands (100,000 bonds) [14]. Group 4: Underwriting and Risk Management - The lead underwriter, Yongxing Securities, will underwrite any shortfall in subscriptions, with a maximum underwriting amount not exceeding 30% of the total issuance [9][19]. - If the total subscriptions do not reach 70% of the issuance amount, the issuer and underwriter may consider suspending the issuance [19][20].