La Natsu Bell Terminates The Fund-Raising Plan For Convertible Bonds, Raising Funds

February 26th news, yesterday evening, La Natsu Bell announced that the company to terminate the public offering of A shares can be Switching Company bonds.

In September 21, 2018, La Natsu Bell convened the eighteenth meeting of the third board of directors of the company, and passed the "motion on public offering of A shares to Switching Company bonds".

At that time, La Natsu Bell proposed to raise funds not more than 1 billion 530 million yuan.

After deducting the issuance cost, the fund-raising fund will be applied to 4 projects, namely, the expansion project of the retail network, the upgrading project of the store, the construction project of the intelligent store and the construction project of the logistics center.

In December 4, 2018, La Natsu Bell convened the twenty-first meeting of the third board of directors, and passed the "motion on adjusting the public offering of A shares to Switching Company bonds".

After adjustment, the amount raised by La Natsu Bell's convertible bond is reduced from no more than 1 billion 530 million yuan to less than 1 billion 170 million yuan.

In addition to changes in the amount of fund-raising, La Natsu Bell also adjusted investment in investment projects.

In February 26, 2019, La Natsu Bell convened the twenty-third meeting of the third board of directors, and passed the "motion on terminating the public offering of A shares to Switching Company bonds". He agreed that the company could terminate the public offering of A shares and issue Switching Company bonds (hereinafter referred to as the "convertible bond"), and apply to the China Securities Regulatory Commission for the withdrawal of the convertible bond application document.

La Natsu Bell said that since the announcement of the company's convertible bond scheme, the company's board of directors, business management and intermediary agencies have been actively promoting the work of this convertible bond.

However, due to the changes in the company's business development and market environment during the period, the company fully communicated with the intermediaries and other parties in the light of the actual situation. After careful study, the company decided to terminate the issuance of the convertible bonds and intends to apply to the China Securities Regulatory Commission for the withdrawal of the convertible bond application document.