TCL TECH.(SZ:000100) Sou Hu Cai Jing·2025-10-31 09:31Core Viewpoint - TCL Technology plans to issue up to 2 billion RMB (or equivalent in other currencies) in overseas bonds through its wholly-owned subsidiary, TCL Technology Capital Limited, to support general corporate purposes and existing debt replacement [2] Group 1: Stock Performance - As of October 31, 2025, TCL Technology's stock closed at 4.31 RMB, up 0.47% from the previous trading day, with a total market capitalization of 89.652 billion RMB [1] - The stock opened at 4.36 RMB, reached a high of 4.39 RMB, and a low of 4.31 RMB, with a trading volume of 2.176 billion RMB and a turnover rate of 2.76% [1] Group 2: Bond Issuance Details - The bond issuance will have a maximum term of 5 years and will be offered to qualified institutional investors in either USD or RMB at a fixed interest rate [2] - TCL Technology Capital Limited, the issuing entity, is registered in the British Virgin Islands, with total assets of 4.897 billion HKD and total liabilities of 4.896 billion HKD as of June 30, 2025, resulting in an asset-liability ratio of 99.98% [2] - The bond issuance can be conducted in tranches, with specific plans to be determined by the board of directors based on market conditions [2] - The company will seek shareholder approval for the board to manage all aspects of the bond issuance, including the development of the issuance plan, hiring intermediaries, signing agreements, and applying for listing [2] - The bonds are intended to be listed on the Hong Kong Stock Exchange, Singapore Exchange, or other overseas exchanges [2] - The company has established a system for information disclosure, approval, reporting, and intermediary management to control risks associated with the bond issuance [2]