Zheng Quan Zhi Xing·2025-07-09 16:23Core Viewpoint - China General Nuclear Power Corporation (CGN) is issuing A-share convertible bonds to unspecified investors, with a total issuance amount of 490,000 million yuan, equivalent to 4,900 million bonds at a price of 100 yuan each [7][8]. Summary by Sections Issuance Details - The A-share convertible bonds will be offered to existing A-share shareholders for priority subscription, with any remaining bonds available for public investors through the Shenzhen Stock Exchange [4][5]. - The priority subscription date for existing shareholders is set for July 8, 2025, and the public subscription period ended on July 9, 2025 [7]. Subscription Results - Total priority subscription from existing A-share shareholders amounted to 3,321,021,800 yuan, or 33,210,218 bonds, representing 67.78% of the total issuance [8]. - The public subscription resulted in 15,789,780 bonds being allocated, which is 1,578,978,000 yuan, accounting for 32.22% of the total issuance, with a public subscription success rate of 0.0186422035% [8][9]. Underwriting and Allocation - If the total subscription amount falls below 70% of the issuance, the issuer and underwriter may consider suspending the issuance and will report to the Shenzhen Stock Exchange [5]. - The underwriter, Huatai United Securities, will underwrite any shortfall in subscription, with a maximum underwriting limit of 30% of the total issuance, equating to 147,000 million yuan [6][9]. Future Actions - The final allocation results will be announced on July 11, 2025, following a lottery draw on July 10, 2025 [8][9]. - The listing date for the convertible bonds will be announced separately [9].