FHEC(SH:688362) Shang Hai Zheng Quan Bao·2025-07-01 18:53Core Viewpoint - The company, Yongxi Electronics (Ningbo) Co., Ltd., has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds, indicating a strategic move to raise capital through this financial instrument [2][3]. Group 1: Issuance Details - The total scale of the convertible bond issuance is 1.165 billion yuan, with each bond having a face value of 100 yuan, resulting in an issuance of 11.65 million bonds [3]. - The bonds will be offered to existing shareholders first, with any remaining bonds available for public subscription through the Shanghai Stock Exchange [3]. - The underwriter, Ping An Securities, will fully underwrite any portion of the bonds that are not subscribed by investors, amounting to 7,032 bonds, which represents 0.60% of the total issuance [4]. Group 2: Subscription Results - The subscription process for existing shareholders concluded on June 26, 2025, and the public subscription ended on June 30, 2025 [4]. - The underwriter will transfer the funds from the underwriting of unsold bonds to the issuer after deducting underwriting fees, with the registration of the bonds to be submitted to the China Securities Depository and Clearing Corporation [4]. Group 3: Contact Information - The issuer, Yongxi Electronics, is located at 60 Binhai Avenue, Zhongyi Ningbo Ecological Park, Yuyao City, Zhejiang Province, with a contact number of 0574-58121888-6786 [5]. - The underwriter, Ping An Securities, is based at 5023 Yitian Road, Ping An Financial Center, Futian District, Shenzhen [5].