Core Viewpoint - The company, Shenling Environment, announced a plan to issue convertible corporate bonds to raise up to RMB 1 billion for a new liquid cooling manufacturing base and to supplement working capital [1][2]. Summary by Sections Convertible Bond Issuance - The total amount to be raised from the issuance of convertible bonds is not to exceed RMB 1 billion, with the specific amount to be confirmed by the board of directors [1]. - The number of convertible bonds to be issued will not exceed 10 million, with each bond having a face value of RMB 100 [1]. - The bonds will have a duration of six years from the date of issuance, and the interest rate will be determined based on market conditions and company specifics [1][2]. Target Investors and Conversion Rights - The bonds will be offered to various investors, including individuals and institutions holding accounts with the China Securities Depository and Clearing Corporation [2]. - The conversion period for the bonds will start six months after issuance and will last until the maturity date, allowing bondholders to choose whether to convert their bonds into shares [2]. Previous Fundraising Activities - Shenling Environment previously raised a total of RMB 1.297 billion through two rounds of fundraising, including an IPO in July 2021 and a private placement in 2023 [3][4]. - The IPO raised RMB 497 million, while the private placement raised approximately RMB 799.99 million, with net proceeds after expenses being RMB 788.65 million [3]. Shareholder Actions - The company disclosed plans for significant share reductions by major shareholders, including a plan to sell up to 3.2 million shares, representing 1.20% of the total share capital [5][6]. - The total shares intended for reduction by various stakeholders amount to 8.65 million, or 3.25% of the total share capital [6].
申菱环境拟发可转债 实控人方正减持年内已套现4.3亿