Kinco Automation( Shanghai) (SH:688160) Zheng Quan Zhi Xing·2025-07-16 13:11Core Viewpoint - Shanghai Buke Automation Co., Ltd. is conducting a private placement of A-shares, raising approximately RMB 464.99 million through the issuance of 6,832,206 shares at a price of RMB 68.06 per share, with the funds aimed at enhancing the company's capital structure and supporting its business operations [7][9][28]. Group 1: Issuance Details - The total number of shares issued in this private placement is 6,832,206 shares, with a total fundraising amount of RMB 464,999,940.36, after deducting issuance costs of RMB 8,390,694.08, resulting in a net fundraising amount of RMB 456,609,246.28 [7][9]. - The issuance price is set at RMB 68.06 per share, which is determined based on the average trading price of the company's shares over the 20 trading days prior to the pricing date [8][9]. - The shares issued will be subject to a six-month lock-up period post-issuance, during which the investors cannot transfer their shares [11][22]. Group 2: Compliance and Approval - The issuance has complied with relevant internal decision-making procedures and has received approval from the China Securities Regulatory Commission (CSRC) [4][6]. - The company has confirmed that all board members and senior management have signed off on the issuance report, ensuring the accuracy and completeness of the information provided [1][2]. - The issuance process has been verified by the underwriting firms and legal counsel, confirming adherence to applicable laws and regulations [22][24]. Group 3: Investor Participation - A total of 14 investors participated in the issuance, all of whom are compliant with the relevant regulations and have signed subscription agreements with the company [9][11]. - The investors include various asset management firms and individual investors, with the largest subscription amount being RMB 1,500,000 from a private equity fund [15][20]. - The company has ensured that no related parties, including major shareholders and management, participated in the issuance, maintaining compliance with regulatory requirements [21][22]. Group 4: Impact on Company Structure - Following the issuance, the company's total share capital will increase to 90,832,206 shares, with the newly issued shares representing 7.52% of the total share capital [28]. - The issuance is expected to enhance the company's financial strength and optimize its capital structure, thereby improving its debt repayment capacity [28]. - The company does not anticipate any significant changes to its business structure as a result of this issuance, as it will continue to focus on its existing core operations [28].