Sirup (688536.SH) announced the issuance of convertible corporate bonds and payment of cash to purchase assets and raise supporting capital...
<思瑞浦微电子科技 (苏州) 股份有限公司发行股份及支付现金购买资产并募集配套资金预案>Zhitong Finance App News, Sirup (688536.SH) released a report (draft) on issuing convertible corporate bonds and paying cash to purchase assets and raise supporting capital. On June 9, 2023, the company held the 17th meeting of the 3rd board of directors and the 16th meeting of the 3rd board of supervisors to review and pass the “Proposal on its Summary” and other related proposals, and disclosed the “Sirup Microelectronics Technology (Suzhou) Co., Ltd.” on the same day “Plan to Purchase Assets and Raise Supporting Funds with Shares and Cash Payments” and related announcements.
Since the company plans to adjust counterparties and change the transaction consideration payment method at the same time, it constitutes a major adjustment to the plan. The company held the 25th meeting of the 3rd board of directors on January 22, 2024 to review and approve the adjusted transaction plan. After the adjustment, the target asset range is 85.2574% shares of Shenzhen Chuangxin Microelectronics Co., Ltd. (Chuangxin Micro for short). After the adjustment, this plan allows the company to issue convertible corporate bonds and pay cash to purchase 85.2574% of the shares of the target company held by the counterparty, and issue shares to raise supporting capital. The transaction price (not including the amount of supporting capital raised) was 890 million yuan.
The transaction plan includes two parts: issuing convertible corporate bonds and paying cash to purchase assets and issuing shares to raise supporting capital: (1) the listed company plans to issue convertible corporate bonds to 18 counterparties, including Yang Xiaohua, Bai Qinggang, Chuangxin Information, and Chuangxin Technology, and pay cash to acquire 85.26% of Chuangxin Micro's shares; (2) the listed company plans to raise supporting capital by issuing shares to no more than 35 specific targets.