CHINA PET FOODS(002891) 证券之星·2025-03-26 09:29Core Viewpoint - The company plans to temporarily use part of its idle raised funds to supplement working capital after returning previously used funds, ensuring compliance with regulations and maintaining the integrity of its investment projects [1][4][5]. Fundraising Overview - The company issued 7,690,459 convertible bonds at a face value of 100.00 RMB each, raising a total of 769.05 million RMB, with a net amount received of 754.96 million RMB after deducting fees [1][2]. - The total adjusted net amount after the exemption of securities registration fees is 754.96 million RMB [2]. Investment Project Details - The funds raised will be allocated to various projects, including: - 28.42 million RMB for a 60,000-ton high-quality pet dry food project - 31.20 million RMB for a 40,000-ton new pet wet food project - 6.48 million RMB for a 2,000-ton freeze-dried pet food project - 4.00 million RMB for intelligent warehouse renovation - 18.09 million RMB for working capital [2]. Use of Idle Funds - The company intends to use up to 500 million RMB of idle funds to temporarily supplement working capital for a period of 12 months, ensuring it does not affect the ongoing investment projects [3][4]. - The use of these funds is limited to operations related to the main business and will not involve high-risk investments [3][4]. Financial Efficiency - Utilizing idle funds is expected to save approximately 15.50 million RMB in financial costs based on the current one-year loan benchmark rate of 3.10% [4]. - This approach aims to enhance the efficiency of fund usage and reduce financial costs while benefiting the company and its shareholders [4]. Approval Process - The board of directors and the supervisory board have approved the use of idle funds, confirming that it aligns with the company's interests and does not harm the interests of minority shareholders [5][6]. - The sponsor institution has verified that the approval process complies with relevant regulations and does not harm shareholder interests [6].