YAWEI(SZ:002559) Zheng Quan Zhi Xing·2025-08-01 16:35Group 1 - Jiangsu Yawei Machine Tool Co., Ltd. plans to issue 128,235,074 A shares, which will not exceed 30% of the total share capital before the issuance [2][4] - The issuance price is set at 7.28 RMB per share, which is 80% of the average trading price over the previous 20 trading days [2][4] - The funds raised will be used for the construction of the second phase of the servo press and automated stamping line project, to supplement working capital, and to repay bank loans [4][8] Group 2 - After the issuance, Yangzhou Industrial Investment Development Group will become the largest shareholder, holding 19.09% of the voting rights, thus gaining control over the company [4][20] - The board of directors will be restructured, with Yangzhou Industrial Investment Development Group entitled to nominate 5 non-independent directors and 2 independent director candidates [4][22] - The company currently has a dispersed shareholding structure, with no controlling shareholder prior to this issuance [19][20] Group 3 - The main business of the company includes metal forming machine tools, laser processing equipment, and intelligent manufacturing solutions, with metal forming machine tools being the primary source of revenue [26] - The metal forming machine tool industry is crucial for high-end equipment manufacturing and is widely used in various sectors such as automotive, aerospace, and power generation [26] - The industry is regulated by the Ministry of Industry and Information Technology and the National Development and Reform Commission, which set policies and standards to promote development [23][26]