Huitong Holding: Intends to issue convertible corporate bonds to raise funds of no more than 500 million yuan.
Huitong Holdings announcement: The company plans to issue convertible corporate bonds to unspecified investors to raise funds of up to 500 million yuan, which will be used entirely for the Wuhu Jinmei producing 900,000 sets of high-end new energy vehicle styling components and acoustic products project. The convertible corporate bonds issued this time will have a term of six years from the date of issue, with a face value of 100 yuan per bond. The determination of the coupon rate and the final rate for each interest-bearing year will be negotiated and determined by the company's board of directors and the sponsoring institution before issuance with authorization from the company's shareholders' meeting. The company's total operating revenue for 2023, 2024, and 2025 is 7.65 billion yuan, 10.69 billion yuan, and 12.35 billion yuan, with net profits of 153 million yuan, 164 million yuan, and 148 million yuan, respectively.
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