SMIC(SH:600810) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-31 23:25Core Viewpoint - The company has made significant decisions during its board meeting, including the use of idle funds for working capital, acquisition of minority shares in a subsidiary, and providing guarantees for another subsidiary's financing [1][10][27]. Group 1: Board Meeting Resolutions - The board approved the use of idle raised funds not exceeding 800 million yuan for temporary working capital, with a usage period of up to 12 months [18][22]. - The board approved the acquisition of 10.27% minority shares in Henan Shennong Nylon Chemical Co., increasing the company's stake from 61.79% to 72.06% [28][32]. - The board approved providing guarantees for the financing of the subsidiary Zhongping Shennong Jiangsu New Materials Technology Co., with a total guarantee amount of 24.2 million yuan for one loan and 36 million yuan for another [12][15]. Group 2: Financial Details of Transactions - The acquisition price for the minority shares is set at 95.2 million yuan, based on an asset valuation report that indicated an increase in the company's equity value by 61.3 million yuan, representing a 7.08% increase [28][29][42]. - The company has cumulatively provided guarantees amounting to 5.306 billion yuan, exceeding 50% of its latest audited net assets [13][17]. Group 3: Upcoming Shareholder Meeting - A third extraordinary general meeting of shareholders is scheduled for August 19, 2025, to discuss the resolutions passed by the board [55][56]. - The meeting will utilize both on-site and online voting methods, ensuring broader participation [56][60].