March 11 News, only the goods meeting announced on the same day, began the public issue of the 2019 due to the registered underwriting of the convertible premium notes, the specific shareholder publicly issued the registered underwriting of the 0.0001 U.S. depository shares.
The company plans to issue a 400 million dollar bill under market conditions. 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.
The issuance of a bill does not depend on whether the second issue of the stock is completed or not, and the second issue of the stock does not depend on whether the bill is issued or not. Goldman Sachs and Deutsche Bank Securities served as the main underwriter of the issue, BofA Merrill Lynch and Huaxing Capital Securities as joint underwriters.
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