TBEA(SH:600089) Zheng Quan Zhi Xing·2025-08-18 11:25Core Viewpoint - TBEA Co., Ltd. plans to issue convertible bonds to unspecified investors, with a total fundraising amount not exceeding RMB 800 million, aimed at financing various projects and enhancing its financial position [5][19]. Group 1: Legal Compliance and Issuance Overview - The issuance complies with relevant laws and regulations, including the Company Law and Securities Law, confirming that the company meets the conditions for issuing convertible bonds [5]. - The type of securities to be issued is convertible bonds that can be converted into A-shares of the company, which will be listed on the Shanghai Stock Exchange [5]. - The total amount of funds to be raised through this issuance is capped at RMB 800 million, with the specific amount to be determined by the board of directors [5][19]. Group 2: Financial Details - Each bond will have a face value of RMB 100 and will be issued at par [6]. - The bonds will have a term of six years from the date of issuance [6]. - The interest payment will occur annually, with the principal and final interest paid at maturity [6][7]. Group 3: Conversion and Redemption Terms - The conversion period for the bonds will start six months after issuance and end on the maturity date [7][8]. - The initial conversion price will be determined based on the average trading price of the company's shares prior to the issuance [8]. - The company reserves the right to redeem the bonds if certain conditions are met, such as the stock price exceeding 130% of the conversion price for a specified period [12]. Group 4: Financial Statements and Performance - As of March 31, 2025, the company reported total assets of approximately RMB 21.36 billion, with significant increases in current assets compared to previous years [20][21]. - The company's total liabilities stood at approximately RMB 12.13 billion, reflecting a stable financial structure [21]. - Shareholder equity amounted to approximately RMB 9.23 billion, indicating a solid capital base for future growth [21].