Hsino Tower (SH:601096) Zheng Quan Zhi Xing·2025-06-24 18:40Group 1 - The core viewpoint of the article is that Hongsheng Huayuan Tower Group Co., Ltd. is using raised funds to increase capital in its subsidiaries to implement investment projects, which has been verified by Zhongyin International Securities Co., Ltd. as the sponsor for the company's IPO [1][8] - The total amount of funds raised through the IPO is approximately RMB 1.137 billion, with a net amount of approximately RMB 1.037 billion after deducting issuance costs [1][2] - The funds will be allocated to several projects, including the production of transmission towers, smart manufacturing upgrades, and working capital supplementation, with a total investment of RMB 103.407 million [2][4] Group 2 - The company plans to increase capital in its wholly-owned subsidiaries, including Zhejiang Shengda Tower Co., Ltd., Zhejiang Yuanli Jiangdong Tower Co., Ltd., and Jiangsu Zhengguang Electric Power Equipment Manufacturing Co., Ltd. [2][4] - The specific capital increase amounts are RMB 9,081.30 million for Zhejiang Shengda, RMB 2,589.80 million for Yuanli Jiangdong, and RMB 5,671.30 million for Jiangsu Zhengguang [4][6] - The purpose of this capital increase is to align with the company's strategic development plan, enhance competitiveness, and ensure the smooth implementation of the investment projects [6][7] Group 3 - The company has established a dedicated account for the raised funds and signed a supervision agreement with subsidiaries and banks to ensure efficient and compliant fund management [7][8] - The board of directors and the supervisory board have approved the use of raised funds for capital increases, fulfilling necessary legal procedures [8] - The sponsor has confirmed that the use of raised funds complies with relevant regulations and does not harm the interests of the company and its shareholders [8]