TBEA(SH:600089) Sou Hu Cai Jing·2026-01-24 17:31Core Viewpoint - TBEA Co., Ltd. (特变电工) has shown a significant increase in stock price, reaching a recent high, and is planning to issue bonds to support its operations and subsidiaries [1][3]. Trading Information Summary - As of January 23, 2026, TBEA's stock closed at 28.55 CNY, up 2.96% from the previous week [1]. - The stock reached a peak of 32.99 CNY on January 20, 2026, marking its highest point in nearly a year [1]. - There was one instance of a trading halt due to a price increase, with no instances of a price drop [1]. - A block trade occurred on January 20, 2026, with a transaction amount of 2.1971 million CNY [2][5]. Company Announcement Summary - On January 21, 2026, TBEA held its first temporary board meeting of the year, where several key resolutions were passed, including adjustments to the board committee members and providing guarantees for its subsidiary TBEA Energy (India) Co., Ltd. [3]. - The company plans to issue up to 5 billion CNY in bonds, with a portion allocated for short-term debt and project funding [3]. - The guarantees for the Indian subsidiary include amounts of 1 billion Indian Rupees from DBS Bank and 20 million USD each from Deutsche Bank and HSBC [3]. - As of November 30, 2025, the total external guarantees amounted to approximately 21.66 billion CNY, representing 32.12% of the latest audited net assets [3]. Upcoming Events - TBEA will hold its first temporary shareholders' meeting on February 6, 2026, to discuss the guarantees for the Indian subsidiary and the bond issuance [4]. - The meeting will utilize both in-person and online voting methods, with the record date set for January 30, 2026 [4].