Zhuhai Zhongfu(000659) 中国经济网·2024-12-16 03:39Core Viewpoint - The company Zhuhai Zhongfu plans to issue shares to a specific investor, Xunzheng Investment, which will result in a change of control, with Xunzheng becoming the controlling shareholder and Yu Diming as the actual controller [3][12]. Summary by Sections Share Issuance Details - The company will issue 321,224,764 shares at a price of 2.56 RMB per share, which is 80% of the average trading price over the previous 20 trading days [5]. - The total amount to be raised from this issuance is 82,233.54 million RMB, which will be used to repay debts and supplement working capital [7][12]. Control Changes - After the issuance, Xunzheng Investment will become the controlling shareholder, reducing the previous controlling shareholder's stake to 12.57% [11]. - Xunzheng Investment has committed not to seek control of the company for 36 months following the completion of the issuance [11]. Financial Impact - The issuance is expected to improve the company's financial condition significantly, increasing net assets and working capital, which will enhance its ability to withstand risks and support sustainable development [14]. - As of September 30, 2024, the company reported net assets of 21,511.65 million RMB and undistributed profits of -173,976.00 million RMB, indicating a need for financial improvement [14].