---
title: "CSICPCL terminates the issuance of convertible bonds and the cash payment for asset purchases and the fundraising of supporting funds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257096860.md"
description: "China Power announced the termination of the issuance of convertible bonds and the cash purchase of a 16.5136% stake in China Shipbuilding Diesel Engine Co., Ltd. The company stated that due to changes in the external environment, after careful research and negotiation, it decided to optimize the transaction plan and withdraw the submitted application documents to protect the interests of the company and investors"
datetime: "2025-09-12T11:38:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257096860.md)
  - [en](https://longbridge.com/en/news/257096860.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257096860.md)
generator: "portal-rs"
---

# CSICPCL terminates the issuance of convertible bonds and the cash payment for asset purchases and the fundraising of supporting funds

According to the announcement from China Power (600482.SH), the company previously planned to purchase a 16.5136% equity stake in China Shipbuilding Diesel Engine Co., Ltd. (referred to as "China Shipbuilding Diesel Engine") from China Shipbuilding Industry Group Co., Ltd. (referred to as "China Shipbuilding Industry Group") through the issuance of convertible corporate bonds and cash payment, and to issue convertible corporate bonds to no more than 35 specific investors to raise matching funds.

Since the initiation of this transaction, the company and relevant parties have actively promoted various tasks and strictly fulfilled information disclosure obligations in accordance with relevant regulations. Due to changes in the external environment and related circumstances, in order to effectively safeguard the interests of the company and the majority of investors, the company, after careful research and comprehensive consideration with relevant parties, intends to optimize the transaction plan. After friendly consultations with the transaction parties, it has been decided to terminate this transaction and withdraw the application documents submitted to the Shanghai Stock Exchange

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**