CS&S(SH:600536) Zheng Quan Zhi Xing·2025-07-04 16:43Core Points - The company has completed a private placement of A-shares, issuing 90,130,689 shares at a price of 22.19 RMB per share, raising approximately 2 billion RMB [1][2][3] - After the issuance, the shareholding of China Electronics and its concerted parties increased from 36.16% to 42.29% of the total shares [1][14][16] - The shares issued are subject to a lock-up period and will be tradable on the Shanghai Stock Exchange after the lock-up period expires [1][6][14] Issuance Details - The issuance was approved by the board and relevant regulatory bodies, with the issuance price set at 22.19 RMB per share [2][4] - The total funds raised amounted to approximately 1,999,999,988.91 RMB, with a net amount of 1,993,086,375.12 RMB after deducting issuance costs [3][4] - The issuance was fully subscribed in cash, with no asset transfers involved [1][4] Shareholding Structure - Prior to the issuance, China Electronics held 54,643,446 shares (6.43%), and its concerted party held 252,814,614 shares (29.74%) [12][14] - Post-issuance, China Electronics will hold 122,241,463 shares (13.00%), while its concerted party will hold 252,814,614 shares (26.89%) [14][15] - The total shareholding of China Electronics and its concerted parties will be 397,588,749 shares, representing 42.29% of the total shares [14][15] Regulatory Compliance - The issuance complies with relevant laws and regulations, and the process has been deemed fair and just by the underwriters and legal advisors [4][5][17] - The issuance does not trigger a mandatory tender offer as per the regulations, maintaining the current control structure of the company [16][17] Financial Impact - The issuance is expected to enhance the company's financial position, increasing total assets and net assets while reducing the debt-to-asset ratio [17] - The funds raised will be used for projects aligned with the company's main business and strategic development, aiming to strengthen its competitive advantage [17]