Wanda film withdraws the application document and stops issuing 3.815 billion yuan convertible bonds

category:Finance
 Wanda film withdraws the application document and stops issuing 3.815 billion yuan convertible bonds


Wanda film said that, at present, the companys business operations are normal, the termination of the public issuance of convertible corporate bonds and the application to the CSRC for withdrawal of relevant application documents will not have an adverse impact on the normal operation and sustainable and stable development of the company, and will not damage the interests of the company and all shareholders.

In May last year, Wanda film released the plan for the public issuance of convertible corporate bonds, saying that in order to realize the companys development strategy, the total amount of funds to be raised (including the issuance expenses) for the issuance of convertible bonds should not exceed 4 billion yuan (including 4 billion yuan), and the raised funds are intended to be used for new cinema projects, supplement the companys working capital and repay bank loans. Among them, 3.19 billion yuan is proposed to be used for the new cinema project, 810 million yuan is proposed to supplement the companys working capital and repay bank loans.

At the end of July of that year, Wanda film released a notice that Ruihua certified public accountants, an audit institution employed by the company in the public issuance of convertible corporate bonds, was put on file by the CSRC for investigation due to suspected violation of securities related laws and regulations in the audit business, and the CSRC decided to suspend the examination of the companys application for issuing convertible bonds.

Soon after, Wanda film announced that Ruihua certified public accountants had comprehensively reviewed the audit report and special audit report on the companys public issuance of convertible corporate bonds in accordance with relevant laws and regulations, and issued a review report. The companys sponsor, China International Finance Co., Ltd., issued verification opinions. As the conditions for submitting the application for resumption of examination have been met, the company applies to the CSRC for resumption of examination of the public issuance of convertible corporate bonds. In October of that year, Wanda film held the ninth meeting of the Fifth Board of directors, deliberated and passed the proposal on adjusting the plan of the companys public issuance of convertible corporate bonds, reduced the scale of the public issuance of convertible corporate bonds from no more than 4 billion yuan (including 4 billion yuan) to no more than 3.815 billion yuan (including 3.815 billion yuan), and adjusted the purpose of the raised funds accordingly And the total amount of the funds to be raised and the investment amount of the funds to be raised for the new cinema project, and other terms of the plan for public issuance of convertible corporate bonds remain unchanged. Source: First Financial Editor: Wang Xiaowu NF

Soon after, Wanda film announced that Ruihua certified public accountants had comprehensively reviewed the audit report and special audit report on the companys public issuance of convertible corporate bonds in accordance with relevant laws and regulations, and issued a review report. The companys sponsor, China International Finance Co., Ltd., issued verification opinions. As the conditions for submitting the application for resumption of examination have been met, the company applies to the CSRC for resumption of examination of the public issuance of convertible corporate bonds.