Jiangsu Huachen(SH:603097) Zheng Quan Zhi Xing·2025-09-05 16:13Group 1 - The company Jiangsu Huachen Transformer Co., Ltd. is issuing convertible bonds totaling RMB 460 million, with 4.6 million bonds to be issued [3][4] - The bonds have a credit rating of A+ and will be monitored annually by a credit rating agency [6] - The bond issuance has been approved by various company meetings and regulatory bodies, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [3][4] Group 2 - The purpose of the bond issuance is to raise funds for the company, which will be deposited into a designated account [3] - The company plans to absorb its wholly-owned subsidiary, Xuzhou Qinen Electric Equipment Co., Ltd., consolidating resources to improve operational efficiency and reduce management costs [6][7] - The merger will not adversely affect the company's normal operations, financial status, or the interests of shareholders, particularly minority shareholders [7]