Core Viewpoint - The company Strongda Circuit (301628.SZ) plans to issue convertible bonds to raise up to RMB 550 million for the production of multilayer boards and HDI boards at its Nantong facility [1][2]. Group 1: Convertible Bond Issuance - The total amount to be raised from the convertible bond issuance is capped at RMB 55 million, which will be used for the Nantong Strongda Circuit Technology Co., Ltd. project [1]. - The bonds will be issued at face value of RMB 100 each and will have a term of six years from the date of issuance [1]. - The interest rate for the bonds will be determined by the company's board of directors in consultation with the underwriters based on market conditions [1][2]. Group 2: Shareholder Rights and Issuance Details - The initial conversion price of the bonds will not be lower than the average trading price of the company's stock over the 20 trading days prior to the announcement [2]. - Existing shareholders will have priority in the subscription of the bonds, with the option to waive this right [2][3]. - If there are any unsold bonds after the priority allocation, they will be offered to institutional investors or through the Shenzhen Stock Exchange [3]. Group 3: Financial Aspects and Historical Context - The company aims to raise RMB 60 million for the same project and for working capital, but the actual net amount raised from the recent stock issuance was RMB 45.32 million, which is RMB 14.68 million less than planned [4]. - The total issuance costs for the recent stock offering were RMB 7.78 million, including underwriting fees of RMB 4.72 million [4].
强达电路拟发不超5.5亿可转债 去年上市即巅峰募5.3亿