Only the goods will announce the total amount of the bill increased, Goldman Sachs and Deutsche Bank Securities as the main distributor

March 12 News, only the goods will be announced today, the total amount of bills issued to increase to 550 million U.S. dollars, and yesterday, only the goods will decide to issue a total of 400 million dollars of bills.

The Commodities council announced yesterday that it had begun a public issue of convertible premium bills that had been registered for underwriting in 2019, and that specific shareholders had publicly issued 0.0001 U.S. depository shares, which had been registered for underwriting. The company also plans to give underwriters a 30-day excess of the total principal amount of up to 60 million U.S. dollars of bills. These bills can be converted to stocks immediately from the second transaction to the close before the expiration date.

In the case of conversion, the holder of the bill may obtain the United States depository shares. The interest rate, conversion rate and other specific terms of the bill will be determined when the bill is priced. The company plans to use some of the notes issued to repay existing debts in accordance with some of the recent acquisitions, with the remainder being used for general business purposes.

At the same time as the issuance of bills, specific shareholders will issue a total of 1.14 million U.S. depository shares (equivalent to 2.28 million common shares) at a nominal value of $0.0001 under market conditions. The shareholders plan to give underwriters a 30-day oversubscribed total of 171,000 U.S. depository shares. The company does not derive any proceeds from shareholders issuing shares.

Goldman Sachs and Deutsche Bank Securities served as the main underwriter of the issue, BofA Merrill Lynch and Huaxing Capital Securities as joint underwriters.