The hottest Senyuan electric plans to issue conver

Senyuan electric plans to issue 1.6 billion yuan of convertible bonds to attract Henan assets to the board of directors

on the evening of November 30, Senyuan electric (002358) announced that the 10th meeting of the sixth board of directors held on the same day considered and approved the proposal to nominate Chen Xiangyu as the candidate for the company's director and Yuan Dalu as the candidate for the company's independent director

according to the data, yuan Dadan has successively worked in the switchgear Institute of China Electric Power Research Institute, the quality inspection center of China Electric Power Research Institute, the quality inspection and testing center of power equipment and instruments in the power industry, the high voltage Institute of China Electric Power Research Institute and other units, and successively served as director, executive deputy director, Secretary of the Party committee and deputy director, director and other positions. Chen Xiangyu currently serves as the financial manager and employee supervisor of the planning and Finance Department of Henan Asset Management Co., Ltd. (hereinafter referred to as Henan assets)

Henan asset is Henan Provincial AMC, and the largest shareholder is Henan Investment Group Co., Ltd., which can raise the soil pH value to a near neutral company. At the beginning of 2017, the state owned assets supervision and Administration Commission of Henan Province proposed the transformation idea of reorganizing Henan investment group into a state-owned capital operation company to meet the needs of social products and environmental protection, integrating and stripping the existing business segments, and building it into a comprehensive financial holding group dominated by banks, securities, trusts, guarantees and funds. Henan assets was established in August 2017, that is, it introduced central enterprises, financial institutions, listed companies and leading enterprises in the rough fracture zone to jointly invest and establish according to the mode of mixed ownership, with a registered capital of 5billion yuan and an external rating of AAA

Henan asset is Henan Provincial AMC, and the largest shareholder is Henan Investment Group Co., Ltd. At the beginning of 2017, the state owned assets supervision and Administration Commission of Henan Province proposed the transformation idea of reorganizing Henan investment group into a state-owned capital operation company, integrating and stripping the existing business segments, and building it into a comprehensive financial holding group dominated by banks, securities, trusts, guarantees, and funds. Henan assets was established in August 2017, that is, it was jointly funded by central enterprises, financial institutions, listed companies and industry leading enterprises in the form of mixed ownership, with a registered capital of 5billion yuan and an external rating of AAA

in September 2018, Senyuan electric announced that the company signed a framework agreement with Henan assets to provide the company with a package of comprehensive financial services such as investment, investment banking, financial leasing, commercial factoring, management consulting, and the overall scale of cooperation does not exceed 3 billion yuan

the relevant person in charge of Senyuan electric once told the securities times · e company that at the same time of this cooperation, Henan assets has become a shareholder of Senyuan electric through block trading

Senyuan Electric said that this public offering of convertible corporate bonds is to enrich and improve existing products and businesses on the basis of existing main businesses and in combination with the needs of future market development. The smooth implementation of the raised investment project will effectively improve the technical level, performance indicators and production scale of the company's core products and businesses. At the same time, by following up on the latest market demand, it will improve its service ability to customers and conform to the future development direction of the industry, so as to improve the company's overall competitive strength and anti risk ability, maintain and expand the company's technological leading edge, and enhance the company's core competitiveness, So as to improve the profitability of the company

the company said that as some of the investment projects with raised funds will take some time from construction investment to economic benefits, the net profit will be affected in the short term, and the earnings per share and return on net assets will decline to a certain extent. However, after the implementation of the investment projects with raised funds, the company's R & D capacity and production capacity will be further strengthened, and the company's operating income will further increase, It is conducive to enhance the company's future profitability, enhance the company's comprehensive competitiveness, and have a positive impact on the company's future financial indicators. After the completion of this offering, the company's capital strength will be further improved, its working capital will be more abundant, and its asset structure will be more stable. Because the tensile test is not easy to test, the financial risk will be reduced, and its solvency and subsequent financing ability will be enhanced