XREC(SZ:000598) Zheng Quan Zhi Xing·2025-07-23 16:14Core Viewpoint - Chengdu Xingrong Environment Co., Ltd. successfully issued a technology innovation corporate bond with a total scale of 600 million RMB, attracting significant interest from professional investors with a subscription multiple of 5.62 times [1][2]. Group 1: Bond Issuance Details - The bond issuance was registered with the China Securities Regulatory Commission under document number "Zheng Jian Xu Ke [2024] 1908" [1]. - The total issuance amount was capped at 600 million RMB, with a maturity of 5 years and a coupon rate of 1.75% [1]. - The issuance process concluded on July 23, 2025, and the bonds were priced at 100 RMB each, distributed through a non-public inquiry method to professional institutional investors [1]. Group 2: Investor Participation - No directors, supervisors, senior management, or shareholders holding more than 5% of shares participated in the bond subscription [2]. - The lead underwriter, Guotai Junan Securities Co., Ltd., did not participate in the subscription, while its affiliate, Shanghai Pudong Development Bank Co., Ltd., subscribed for 60 million RMB [2]. - All participating investors met the regulatory requirements set forth in various guidelines, ensuring compliance throughout the issuance process [2][3]. Group 3: Fairness and Compliance - The bond issuance process was conducted without any manipulation of pricing or unfair practices by the issuer or underwriter [3]. - The issuer confirmed that there were no actions taken to gain improper benefits or to disrupt market order during the bond issuance [3].