WBTL(SH:603596) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-02 02:48Core Viewpoint - Wuhu Berteli Automotive Safety Systems Co., Ltd. has received approval from the China Securities Regulatory Commission to issue CNY 2,802 million convertible bonds, with the issuance process and subscription details outlined for investors [1][2][3]. Group 1: Issuance Details - The company is issuing CNY 2,802 million in convertible bonds, with a face value of CNY 100 per bond, totaling 28,020,000 bonds [4]. - The issuance includes a priority subscription for existing shareholders, which concluded on July 1, 2025 [3][4]. - The total amount allocated to existing shareholders was CNY 2,064,834,000, accounting for approximately 73.69% of the total issuance [5]. Group 2: Public Subscription Results - The total amount issued to the general public through online subscription was CNY 737,166,000, representing about 26.31% of the total issuance [5]. - The online subscription had a success rate of approximately 0.00895% with 8,265,761 valid subscription accounts [5]. - The lottery for the subscription results will take place on July 2, 2025, with results announced on July 3, 2025 [5][6]. Group 3: Underwriting and Subscription Conditions - If the combined subscription from existing shareholders and online investors is less than 70% of the total issuance, the underwriting team will consider suspending the issuance [2]. - The underwriting team, consisting of China International Capital Corporation and Guotai Junan Securities, will underwrite any shortfall up to a maximum of 30% of the total issuance [2][3]. - Investors who fail to fulfill their subscription obligations may face restrictions on future participation in new stock offerings [3].