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Ali fully subscribed for Red Star Holdings 4.359 billion bonds. Both parties have signed multi-field cooperation agreements.

May 15, 2019 17:27
source: Company e

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Summary
[Mei Kailong: Alibaba more than 4.3 billion full subscription of the exchangeable bonds issued by the controlling shareholder] Meikailong (601828) announced on the evening of May 15, the company's controlling shareholder Hongxing Holdings successfully issued exchangeable bonds, with a total of 4.359 billion yuan Alibaba is fully subscribed. The exchangeable bonds issued by Red Star Holdings are subject to the arrears generated during the period of partial A-shares and pledges held by the company. The bond has a maturity of 5 years and the initial conversion price is 12.28 yuan/share.

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On the evening of May 15th,Mei Kailong(601828) disclosed that the company received the controlling shareholder Red Star on the same day.Mei KailongHolding Group Co., Ltd. ("Red Star Holdings") notified that Red Star Holdings' 2019 non-public issuance of exchangeable corporate bonds (the first phase) (referred to as "the first phase of the bond") has been completed.

The actual issuance scale of the bonds was 4.359 billion yuan, the coupon rate for the first year to the second year was 3.25%, and the coupon rate for the third to fifth years was 1%.Alibaba(China) Network Technology Co., Ltd. (hereinafter referred to as "Ali") has successfully subscribed for the full share of the bonds issued by Red Star Holdings.

According to reports, Red Star Holdings is approved to use some of its company's A shares and the interest generated during the pledge period as the target, and non-public issuance of exchangeable corporate bonds with a total amount of not more than RMB 15 billion for qualified investors.

According to the prospectus for the first bond, the issue of the issue of the bonds of Red Star Holdings is not more than RMB 5 billion; the issue price is RMB 100 per piece, which is issued by means of non-public issuance to qualified investors. The term of the bonds is 5 years, and the initial conversion price is 12.28 yuan/share. The term of the conversion is the first trading day after the expiration of 6 months from the end date of the bond issue and January 18, 2021. From the date of the evening until the maturity date of the bond.

The announcement also shows that, in view of Red Star Holdings and its related subsidiaries, it is a leading integrated operation service provider for furniture, building materials, home shopping malls and shopping centers in China. Ali has advanced business philosophy and technical support in the new retail field. The two parties agreed to conduct business cooperation in furniture building materials and home shopping malls, shopping centers and other business areas. Red Star Holdings and Ali signed a business cooperation framework agreement on May 15. In order to promote the business cooperation between the two parties as soon as possible, Red Star Holdings is committed to promoting and promoting its major holding subsidiaries (including the company).Mei Kailong) Consulted with Ali on specific cooperation matters, and signed the relevant agreement with Ali by the company before May 28 (inclusive).

  Mei KailongIt is said that in view of the completion of the issuance of the bonds and the signing of the business cooperation framework agreement on May 15th, the company is actively negotiating business cooperation matters with Ali and will follow the Articles of Association and relevant laws and regulations. The provisions of the normative documents, the implementation of the corresponding decision-making and review procedures, disclosure of relevant information.

PreviousMei KailongThe release of the 2019 quarterly report shows that the company achieved operating income of 3.535 billion yuan, an increase of 22.37%; net profit attributable to shareholders of listed companies was 1.314 billion yuan, an increase of 11.14%; in 2018, the company achieved operating income of 14.24 billion yuan, a year-on-year increase 29.93%, the net profit attributable to shareholders of listed companies was 4.477 billion yuan, an increase of 9.8%. As of the end of 2018,Mei KailongIt operates 80 self-operated shopping malls and 228 manages shopping malls. In addition, the company is authorized to open 22 franchise home building materials projects by franchising, including 359 home building materials stores/industrial streets.

Attached to the full text of the announcement:

(Article source: e company)

                (Editor: DF142)

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