Recently, Zhejiang Jia'ao Environmental Protection Technology Co., Ltd. announced the public offering of 185 million yuan of convertible corporate bonds for a term of 6 years with a coupon rate of 0.4% in the first year, 0.6% in the second year, 1.0% in the third year and the fourth year 1.5%, 1.8% in the fifth year and 2.0% in the sixth year, of which RMB130 million will be used to invest 20,000 tons of environmentally friendly plasticizer projects after the issuance of convertible bonds this issue, the remaining 5,500 Ten thousand yuan will be used to adjust the liability structure by means of repayment of short-term bank borrowings.
Jiaao environmental three quarterly shows this year, the company from January to September net profit of nearly 30000000 yuan, good profitability.At the same time, in order to protect the rights and interests of convertible bondholders, the controlling shareholder of Shunchang investment for the issuance may be Convertible bonds to provide security guarantees, to assume joint and several liability, the scope of guarantee for this time by the China Securities Regulatory Commission approved the issuance of 100% of the total convertible bonds principal and interest, liquidated damages, damages, to achieve a reasonable cost of claims, guaranteed The beneficiaries are all bondholders.
The joint rating of this issue of convertible bonds credit rating, assessment of the main credit rating company A +, this issue of convertible bonds credit rating of AA-.
The 2016 Annual Report of Jia-Jia Environmental Protection Co., Ltd. showed that the company was bigger and stronger focusing on the main business of environmentally-friendly new materials after it was listed on the main board of the Shanghai Stock Exchange in April 2016. In September 2016, in order to make up for the domestic high-end environmental-friendly plasticizer products Structure vacancy, make full use of the country's largest carbon anode manufacturer - Jining Carbon Group, a wholly owned subsidiary of naphthalene raw materials resources, the company jointly funded the establishment of Jining Jia O Ding new environmental protection Materials Co., Ltd., the registered capital of 50 million yuan, the implementation of a , 2 cyclohexane dicarboxylate project. In September 2016, in order to optimize the layout of the company's environment-friendly plastic additive industry and find new profit growth points for better return of shareholders, the Company successfully acquired Guangdong Ruotian New Materials Technology Co., Ltd. Ltd. In December 2016, to address the supply of raw materials for fatty acid methyl ester, the main raw material for environmental protection in Jia'ao, Jia'ao Environmental acquired 100% equity interest in Zhejiang Dongjiang Energy Technology Co., Ltd., from 2017-2019 Dongjiang Energy promised to achieve net profit of 20 million yuan, 25 million yuan and 30 million yuan respectively.
Jia-an environmental protection that the investment projects to raise funds put into operation, the company's production capacity and technology will significantly improve the company's product mix will be further enriched, the company's continued profitability will also be further enhanced.