Zhong Guo Jing Ji Wang·2026-02-11 06:53Core Viewpoint - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. has received approval from the Shenzhen Stock Exchange's Listing Review Committee for its issuance of convertible bonds, which will raise up to 469 million yuan for various projects and working capital [1][2]. Group 1: Fundraising Details - The total amount to be raised from the issuance of convertible bonds is not more than 46,900,000 yuan, which will be allocated to specific projects and working capital [1]. - The projects funded by the raised capital include: - Zhuhai Shuo Hong's annual production of 300,000 square meters of intelligent circuit products, with a total investment of 356.19 million yuan and planned funding of 334.54 million yuan [2]. - Benchuan Intelligent's PCB production base in Thailand, with a total investment of 237.58 million yuan and planned funding of 105.46 million yuan [2]. - Supplementing working capital with an investment of 29 million yuan [2]. - The total investment for all projects is 622.77 million yuan, with the raised funds covering 46.9 million yuan [2]. Group 2: Issuance and Underwriting - The convertible bonds will be convertible into the company's A-shares and will be listed on the Shenzhen Stock Exchange [2]. - The issuance method will be determined by the board of directors and/or authorized personnel in consultation with the sponsor (lead underwriter) according to relevant laws and regulations [2]. - The lead underwriter for this issuance is Northeast Securities Co., Ltd., with representatives Wang Dandan and Hang Lijun [3]. Group 3: Company Background - Benchuan Intelligent was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on August 5, 2021, raising a total of 621 million yuan, with a net amount of 561 million yuan after deducting issuance costs [3]. - The company initially planned to raise 374 million yuan for projects including the expansion of high-frequency, high-speed, multi-layer, and high-density PCB production lines, as well as R&D center construction and working capital [3].