Zheng Quan Zhi Xing·2025-03-25 09:26Core Viewpoint - The company, Nanjing Kent Composite Materials Co., Ltd., has received approval for its initial public offering (IPO) and plans to manage its raised funds through a regulated deposit method to ensure safety and efficiency in fund usage [1][6]. Fundraising Overview - The company issued 21.03 million shares at a price of RMB 19.43 per share, raising a total of RMB 408.61 million, with a net amount of RMB 359.33 million after deducting issuance costs [1][2]. - The company has signed tripartite and quadripartite agreements with banks to manage the raised funds [2]. Investment Project Details - The total investment for the projects is RMB 352.16 million, with adjustments made to the "Teflon Membrane Expansion Project" and "Sealing and Structural Parts Expansion Project" [2][3]. - The revised investment for the Teflon Membrane Expansion Project increased from RMB 63.20 million to RMB 137.00 million, while the remaining funds will be allocated to other projects [2][3]. Fund Management and Safety - The company will store the raised funds in a regulated deposit account, with a term of 12 months, ensuring that the funds are not pledged and do not affect the investment plans [3][4]. - The management will oversee the investment decisions within the approved limits and ensure compliance with regulatory requirements [3][4]. Disclosure and Compliance - The company will disclose the details of the regulated deposits in accordance with relevant regulatory guidelines [4][5]. - Both the board of directors and the supervisory board have approved the fund management strategy, confirming that it does not harm the interests of shareholders [5][6]. Sponsor's Opinion - The sponsor, Guotai Junan Securities, has verified that the fund management approach will not affect the normal operation of investment projects and aligns with legal regulations [6].