Citic Pacific Special Steel Group Co.Ltd(000708) (000708) online roadshow of convertible bond issuance was held on panorama on the afternoon of February 24, 2022. Qian Gang, chairman of the company, Li Guozhong, President, Ni Youmei, chief accountant, Wang Haiyong, Secretary of the board of directors, Lin Jiawei, executive general manager of Citic Securities Company Limited(600030) investment bank and co head of industry and advanced manufacturing industry group, and Qiao Duan, deputy general manager of Minmetals securities investment banking division attended the roadshow and answered investors’ questions online.
Qian Gang, chairman of Citic Pacific Special Steel Group Co.Ltd(000708) said in his speech at the event that Citic Pacific Special Steel Group Co.Ltd(000708) is a world leading professional special steel material manufacturing enterprise group, with four professional high-quality special steel material production bases of Jiangsu Jiangyin Xingcheng Special Steel, Hubei Huangshi Daye Special Steel, Shandong Qingdao special steel and Jiangsu Jingjiang special steel, and two raw material production bases of Anhui Tongling special steel and Jiangsu Yangzhou special steel, Shandong Taifu suspension and Zhejiang steel pipe are two industrial chain extension bases. The company’s main business is steel smelting, steel rolling, metal restructuring, calendering and steel material testing. Its process technology and equipment have reached the world advanced level. The main product types are alloy steel bar, alloy steel wire rod, special steel sector, special seamless steel pipe, special metallurgical forging, alloy steel round billet, etc. with complete varieties and specifications, excellent quality and obvious market competitive advantages, it meets the market needs of national priority industries such as energy, transportation, engineering machinery, aviation and aerospace, and has become the focus of national economic development Manufacturing base of key special steel materials and R & D base of new materials, new processes and new technologies required in important fields such as major engineering construction.
Qian Gang said that the company plans to raise 5 billion yuan by issuing convertible bonds, and will invest in five projects around its main business, which are in line with the national industrial policy, industry development trend and the company’s strategic direction, and have good development prospects. After the project is put into operation, it will promote the upgrading of the company’s main business, realize the extension of the company’s industrial chain, enrich the company’s product structure, and create greater value for shareholders and society.
In his speech, Lin Jiawei, executive general manager of Citic Securities Company Limited(600030) investment bank and co head of industry and advanced manufacturing industry group, said that Citic Pacific Special Steel Group Co.Ltd(000708) is mainly engaged in the manufacturing of specialized special steel materials and is a world leading specialized special steel material manufacturing enterprise. With an annual production capacity of more than 14 million tons of special steel materials, complete varieties and specifications, excellent quality and obvious market competitive advantages, the products sell well all over the country and are exported to more than 60 countries and regions such as the United States, Japan, the European Union and Southeast Asia, and are favored by high-end users at home and abroad.
Lin Jiawei said that in the process of cooperation with Citic Pacific Special Steel Group Co.Ltd(000708) , especially since the company’s overall listing in 2019, we have the honor to witness the continuous growth of the company and deeply feel the professional quality and rich industry experience of the company’s management team. We believe that Citic Pacific Special Steel Group Co.Ltd(000708) after this public offering of convertible corporate bonds is listed, we will continue to improve the company’s innovative production capacity, continuously improve the company’s operation and management level, and bring good returns to the majority of investors!
Qiao Duan, deputy general manager of Minmetals securities investment banking division, said in his speech that Citic Pacific Special Steel Group Co.Ltd(000708) as a leading professional special steel material manufacturing enterprise in the world, the fund-raising project will closely focus on the company’s development strategy. The raised funds will meet the needs of the company’s capital investment, maintain the company’s leading position in the special steel material industry and expand the company’s leading advantage, It is beneficial for the company to return investors with better operating performance.
It is understood that Citic Pacific Special Steel Group Co.Ltd(000708) the public offering of convertible corporate bonds will not exceed 5 billion yuan, with a face value of 100 yuan each, which will be issued at face value. The number of convertible bonds that can be preferentially placed by the original shareholders is the number of A-share ordinary shares of the issuer registered after the closing of the stock market on the equity registration date (February 24, 2022, t-1). The amount of convertible bonds that can be placed is calculated according to the proportion of convertible bonds of 0.9906 yuan per share, and converted into the number of convertible bonds according to the ratio of 100 yuan / piece. Each one is an application unit, that is, 0.009906 convertible bonds per share. The priority placement of the original shareholders is carried out through the trading system of Shenzhen Stock Exchange. The placement code is “080708”, and the placement is referred to as “special bond distribution in China”. General public investors participate in online subscription through the trading system of Shenzhen Stock Exchange. The subscription code is “070708”, and the subscription is referred to as “China special bond issuance”. The term of the convertible bonds issued this time is 6 years from the date of issuance, i.e. from February 25, 2022 to February 24, 2028.
