Jiangsu Huachen(SH:603097) Zheng Quan Zhi Xing·2025-06-22 08:40Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. has successfully issued convertible bonds amounting to 460 million yuan, with a significant portion allocated to existing shareholders and a small portion available for public investors [1][4]. Summary by Sections Issuance Details - The company has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds, with the bond code being "113695" and the name "Huachen Convertible Bonds" [1]. - The total amount of the convertible bonds issued is 460 million yuan, with an issuance price of 100 yuan per bond [4]. Subscription Results - The preferential allocation to existing shareholders resulted in 432,311,000 yuan being allocated, which accounts for approximately 93.98% of the total issuance [4]. - The public subscription resulted in 27,689,000 yuan being allocated, representing about 6.02% of the total issuance, with a low online winning rate of 0.00034920% [4][5]. Subscription Process - The subscription process involved a total of 7,956,328 valid applications, with an effective subscription amount of approximately 7.93 billion yuan [5]. - The company and the lead underwriter will conduct a lottery draw for the allocation results on June 23, 2025, with results to be announced on June 24, 2025 [5]. Underwriting and Allocation - The lead underwriter, Yongxing Securities, will underwrite any shortfall in subscription amounts, with a maximum underwriting amount capped at 138 million yuan, which is 30% of the total issuance [3]. - If the total subscription does not meet 70% of the issuance amount, the company and the underwriter may consider suspending the issuance [2][3].