China Economic Net, Beijing, December 21 - The Shanghai Stock Exchange announced yesterday that it would terminate the termination of Shenchi Electromechanical Co., Ltd., hereinafter referred to as "Shenchi Electromechanical", 603109SH) the decision to issue convertible bonds to unspecified targets for review.
On April 28, 2023, the Shanghai Stock Exchange accepted the application documents for the issuance of convertible corporate bonds by Shenchi Electromechanical to unspecified targets in accordance with the law, and reviewed it in accordance with the regulations.
On December 12, 2023, Shenchi Electromechanical and the sponsor Shenwan Hongyuan ** Underwriting and Sponsor Co., Ltd. submitted to the Shanghai Stock Exchange the "Application for Shenchi Electromechanical Co., Ltd. on Withdrawing the Application Documents for the Issuance of Convertible Corporate Bonds to Unspecified Objects" and the "Application of Shenwan Hongyuan ** Underwriting Sponsor Co., Ltd. on Withdrawing the Application Documents for Shenchi Electromechanical Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Objects" , respectively apply for the withdrawal of the application documents for the issuance of convertible corporate bonds to unspecified objects and apply for the cancellation of the issuance of convertible corporate bonds to unspecified objects and listing on the main board of the sponsorship. In accordance with the relevant provisions of Article 19 of the Rules for the Examination of the Issuance and Listing of Listed Companies on the Shanghai **Stock Exchange and Article 63 (2) of the Rules for the Examination and Approval of the Issuance and Listing of the Shanghai **Stock Exchange, the Shanghai Stock Exchange decided to terminate the review of the issuance of convertible corporate bonds by Shenchi Electromechanical to unspecified objects.
On August 31, 2023, Shenchi Electromechanical issued a prospectus (application draft) for the issuance of convertible corporate bonds to unspecified objects, and the total amount of funds raised by the company through the issuance of convertible corporate bonds will not exceed RMB 49,8000000000 (including 49,800.)000,000 yuan), after deducting the relevant issuance costs, the raised funds are intended to be fully invested in the production and construction projects of new energy vehicles and large-displacement motorcycle cylinder block die-castings, mobile power supply and household energy storage production and construction projects, technology research and development center construction projects, and supplementary working capital.
The sponsor (lead underwriter) of Shenchi Electromechanical's issuance of convertible corporate bonds to unspecified objects is Shenwan Hongyuan ** Underwriting Sponsor Co., Ltd., and the sponsor representatives are Ni Weihua and Lu Wenjun.