Core Viewpoint - Sichuan Youji Industrial Co., Ltd. has received approval from the China Securities Regulatory Commission for its convertible bond issuance project, marking a significant step in the diversification of financing tools on the Beijing Stock Exchange under the new registration system [1][2] Group 1: Company Overview - Youji Co. plans to issue no more than 120 million RMB in convertible bonds, with funds primarily allocated for the "Intelligent Flexible Production Line for Valves and Supporting Facilities Technology Renovation Project" and the "High-end Casting and Processing Expansion Project" [2] - The successful registration of this project serves as a practical financing model for other high-quality "specialized, refined, distinctive, and innovative" enterprises on the Beijing Stock Exchange, enhancing the multi-tiered capital market's financing capabilities [2] Group 2: Industry Implications - The project represents the first targeted convertible bond issuance under the new registration system on the Beijing Stock Exchange, indicating a key advancement in the integration of equity and debt financing tools [1][2] - Kaiyuan Securities, as a comprehensive investment bank focused on small and medium-sized enterprises, emphasizes the importance of the Beijing Stock Exchange's reforms and continues to increase support for innovative SMEs [2] - The initiative reflects Kaiyuan Securities' commitment to developing new financing products and mechanisms under the registration system, aiming to empower innovative SMEs and contribute to the high-quality development of China's capital market [2]
开源证券助力北交所首单定向可转债获批