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Suzhou Tianmai Thermal Technology Completes Issuance of Convertible Corporate Bonds; Shares Rise 3%

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Suzhou Tianmai Thermal Technology (SHE:301626) completed the issuance of its convertible corporate bonds worth 786 million yuan, according to a Friday disclosure to the Shenzhen bourse.

Existing shareholders subscribed for about 626 million yuan of the offering, taking up 6.3 million bonds, equivalent to 79.64%, while online investors paid 158.1 million yuan, equivalent to 158.1 million yuan.

The number of waived bonds by online investors reached 19,339, equivalent to 1.9 million yuan.

Underwriter Guotai Haitong Securities absorbed the unsubscribed 19,348 bonds.

Shares in the Chinese manufacturer of thermally conductive and heat-dissipating products rose 3% during afternoon trading on Friday.

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