FENGLE SEED(000713) 中国经济网·2024-11-14 02:27Core Viewpoint - Fengle Seed Industry (000713.SZ) plans to raise up to RMB 1,088.65 million through a private placement of A-shares, aimed at enhancing liquidity and repaying bank loans [1] Group 1: Fundraising Details - The total amount to be raised is not more than RMB 1,088.65 million, which will be used entirely for supplementing working capital and repaying bank loans [1] - The issuance price is set at RMB 5.91 per share, with a maximum issuance of 184,204,494 shares, accounting for no more than 30% of the company's total share capital before the issuance [1] - The issuance will be conducted with the controlling shareholder, Guotou Seed Industry, subscribing in cash, constituting a related party transaction [1] Group 2: Shareholder Structure - There will be no change in the controlling shareholder post-issuance, which remains Guotou Seed Industry, with the actual controller being the State-owned Assets Supervision and Administration Commission of the State Council [1] - The shares subscribed by Guotou Seed Industry will not be transferable for 36 months following the completion of the issuance, in accordance with regulations from the China Securities Regulatory Commission [1] Group 3: Strategic Objectives - The private placement aims to strengthen the company's financial capacity and enhance its ability to support the national strategy for revitalizing the seed industry [1] - The issuance is also intended to optimize the capital structure and reduce financial risks [1]