According to the Zhitong Finance App, CGN Power (01816) issued an announcement stating that Guangdong Hengjian Investment Holdings Co., Ltd. (Hengjian Investment), a shareholder holding 5% or more of the company's shares, plans to issue non-public exchangeable corporate bonds using some of the company's A-shares as the target.
The company recently received a notice from Hengjian Investment. The issuance of this exchangeable corporate bond was completed on April 25, 2024. The bond is “24 Hengjian EB” for short, and the bond code is “117221.SZ”. The actual issuance scale is 2 billion yuan. The bond period is 3 years, and the coupon interest rate is 0.01%. The initial exchange price of this exchangeable bond is 4.25 yuan/share. The exchange period starts on the 1st trading day 6 months after the end of the issuance of this bond and ends on the trading day before the bond delisting date, that is, October 28, 2024 to April 23, 2027.