Wuxi Zhenhua(SH:605319) Zhong Guo Jing Ji Wang·2025-07-02 03:10Core Viewpoint - Wuxi Zhenhua (605319.SH) announced a share reduction plan by its shareholder Wuxi Kangsheng Investment Partnership due to funding needs, intending to reduce up to 2,500,000 shares, accounting for no more than 1.00% of the total shares [1][2] Group 1: Shareholder Information - As of the announcement date, Wuxi Kangsheng holds 9,590,000 shares, representing 3.84% of the total shares [2] - Wuxi Kangsheng, along with Wuxi Junrun Investment Partnership and the actual controllers Qian Ben and Qian Jinxiang, collectively hold 163,600,000 shares, which is 65.42% of the total shares [2] - The reduction plan will not lead to a change in control of Wuxi Zhenhua [3] Group 2: Company Background and Financials - Wuxi Zhenhua was listed on the Shanghai Stock Exchange on June 7, 2021, with an issuance of 50 million shares at a price of 11.22 yuan per share, raising a total of 561 million yuan [3] - The raised funds were allocated for the expansion of the Wuhan automotive parts production base, production of automotive body parts, and working capital [3] - The company conducted a targeted issuance of shares and cash to acquire assets in 2023, raising up to 23.5 million yuan in matching funds [4] Group 3: Recent Fundraising Activities - As of June 1, 2023, the company issued 16,882,183 shares at a price of 13.92 yuan per share, raising approximately 234.99 million yuan, with a net amount of about 229.40 million yuan after deducting fees [5] - The total amount raised from various fundraising activities amounts to 131.6 million yuan [7] - The company plans to issue convertible bonds to raise 52 million yuan for specific projects and working capital [6]