On February 28, Dr.Peng Telecom&Media Group Co.Ltd(600804) disclosed the implementation announcement on the repurchase of “17 Pengbo bonds” and “18 Pengbo bonds”. The company plans to repurchase “17 Pengbo bonds” and “18 Pengbo bonds” in full. The total amount of funds to be repurchased does not exceed 1058085 million yuan, and the source of funds is the funds raised by the company’s non-public offering.
Dr.Peng Telecom&Media Group Co.Ltd(600804) said in the announcement that the decision to repurchase corporate bonds with raised funds is to enhance investor confidence, maintain the stability of corporate bond price and promote the long-term stable development of the company. Based on the recognition of its own value and confidence in future development, and combined with the current actual operation and financial situation.
It is noteworthy that this bond repurchase is an early repurchase, and the final repurchase quantity depends on the bondholder, but whether or not the full repurchase is good for Dr.Peng Telecom&Media Group Co.Ltd(600804) development. In case of full repurchase, it will significantly reduce the company’s asset liability ratio, reduce the company’s financial expenses and significantly increase Dr.Peng Telecom&Media Group Co.Ltd(600804) profits; Differential repurchase can also reduce the company’s debt ratio, and the remaining funds will help the company further refine its business development.
Overall, the bond repurchase will further optimize Dr.Peng Telecom&Media Group Co.Ltd(600804) debt structure and gradually strengthen the safety margin. In addition, Dr.Peng Telecom&Media Group Co.Ltd(600804) has sold the submarine optical cable project, and the US dollar debt will be properly solved. With the decline of the company’s debt ratio and the further elimination of adverse factors, Dr.Peng Telecom&Media Group Co.Ltd(600804) is expected to concentrate financial and human resources on the development of new business and enhance the market’s confidence in the development of the company.
